LendingClub, the online lender, has agreed to pay $18 million in order to settle charges of reportedly deceiving customers, the Federal Trade Commission (FTC) reported Thursday (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
European Union Executive Vice President Margrethe Vestager said she thinks the future of U.S. and EU alignment on competition enforcement looks bright, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Securities and Exchange Commission (SEC) has charged Momentus, an early-stage space exploration company, and other affiliated parties with misleading claims to investors ahead of a forthcoming special purpose acquisition company (SPAC) merger, according to a press release. Get the Full Story Complete the form...
Big Tech-focused antitrust bills being crafted by several key senators “would force drastic changes” for some companies “and destroy products enjoyed by consumers,” Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The German competition watchdog has advised pumping up draft regulations crafted by the European Union (EU), Financial Times (FT) reported Wednesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Facebook is asking Federal Trade Commission Chairwoman Lina Khan to recuse herself in an antitrust case, the second Big Tech company in as many weeks calling for the FTC head to step away from her agency’s investigation. Get the Full Story Complete the form to...
A bipartisan group of lawmakers came out against the use of facial recognition, citing concerns about misidentification and violations of due process and constitutional rights, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Securities and Exchange Commission (SEC) is ramping up its probe into special purpose acquisition companies (SPACs) and is targeting potential conflicts of interest regarding bank fees when the same financial institution (FI) serves as both underwriter and adviser on the same deal, Reuters reported....
Two courts in London are reviewing two different versions of a £1billion ($1.4 billion) class-action lawsuit alleging foreign exchange price manipulation by at least five large banks that cost customers big bucks, according to a Financial Times report. Get the Full Story Complete the form...
