Legal & Regulation

Legal & Regulation
DOJ Going After Corporate Misconduct with New Advisory Group
November 10, 2021

Corporate misconduct and white-collar crime are on the radar of the U.S. Department of Justice (DOJ), with new Deputy Attorney General (DAG) Lisa Monaco introducing several policies and forming a Corporate Crime Advisory Group to make further recommendations. Get the Full Story Complete the form...

ANTITRUST
Report: Amazon Hopes to Settle EU Antitrust Cases
November 09, 2021

Amazon wants to settle a pair of antitrust probes in the EU in hopes of avoiding steep fines and directives to alter its business practices, Reuters reported on Tuesday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Facebook Whistleblower to EU Lawmakers: Beef up Tech Rules
November 08, 2021

Facebook whistleblower Frances Haugen told European Union lawmakers Monday (Nov. 8) that she believes Europe’s draft rules for tackling illegal online content could become a global standard, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
Bipartisan Bill in US Senate Aims to Hinder Big Tech Acquisitions
November 07, 2021

A bipartisan bill that would make it more difficult to complete Big Tech mergers has been introduced in the U.S. Senate. The office of Sen. Amy Klobuchar said she and Sen. Tom Cotton introduced the bill, Reuters reported Friday (Nov. 5). Get the Full Story...

Legal & Regulation
SEC’s Gensler Hints at Increased Scrutiny for Cryptos
November 04, 2021

Securities and Exchange Commission (SEC) Chairman Gary Gensler gave a warning to securities lawyers that the watchdog is going after all forms of misconduct, and will crackdown on those cryptocurrency issuers and market participants attempting to sidestep legislation or get in the way of SEC...

Legal & Regulation
Google Opens Payments Gate to Third Parties in South Korea
November 04, 2021

Alphabet’s Google is opening up its payment gates to third-party payment systems in South Korea in order to comply with new mandates in the country, according to a Google Developers blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
Biden Officially Nominates Omarova to Head OCC Despite Objections
November 03, 2021

Over the objections of bankers and critics in the Senate, President Joe Biden officially nominated Cornell University law professor Saule Omarova to serve as the Comptroller of the Currency (OCC) and sent the bid to the Senate. Get the Full Story Complete the form to...

Legal & Regulation
SEC’s Gensler Urges Cryptos to Work With Regulators for ‘Market Integrity’
November 02, 2021

Gary Gensler, U.S. Securities and Exchange Commission (SEC) chair, said regulators’ harsh stances against cryptocurrency made sense because of the high hype levels, a Tuesday (Nov. 2) report from MarketWatch said. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
CFPB’S Chopra: Stablecoins May ‘Create Stress’ on US Financial System Without ‘Oversight’
November 01, 2021

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the agency will be taking action on stablecoins, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...