Legal & Regulation

Legal & Regulation
Big Tech Compliance Tracker: Biden Inks Order To Clamp Down On Large Tech Firms; Google...
July 12, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Legal & Regulation
UK Travel Restrictions Lead To Lawsuits
July 09, 2021

British airports and airlines, frustrated with COVID-19 pandemic travel restrictions, took the U.K. government to court, per an AP News article on Friday (July 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Australia Green-Lights Epic Games Antitrust Lawsuit Against Apple
July 09, 2021

The antitrust lawsuit initiated by Epic Games against Apple was given the green light to move forward by the court in Australia in a ruling that overturned the original decision to put the case on hold, 9 to 5 Mac reported on Friday (July 9). Get the...

Legal & Regulation
Biden Order On Tech Antitrust Lacks Teeth But Adds To Mounting Woes
July 09, 2021

For Big Tech, is the latest salvo on government regulation — this time in the U.S. — mere saber rattling or an executive order with teeth? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

AML
Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
July 09, 2021

As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department of Justice’s money laundering section, Laurel Loomis Rimon has a unique private-public sector purview of what is involved in stopping...

Bank Regulation
Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years
July 08, 2021

Lloyds Bank was hit with a fine totaling £90 million by the U.K. Financial Conduct Authority (FCA), it’s biggest since 2019 and the second largest in the agency’s history, the Financial Times reported on Thursday (July 8). Get the Full Story Complete the form to...

ANTITRUST
China Holds Up Ant Group As Warning To Other Payment Firms
July 08, 2021

The People’s Bank of China is warning big technology companies in the country that they will be subject to the same antitrust scrutiny and measures as Alibaba’s FinTech affiliate Ant Group, Reuters reported on Thursday (July 8). Get the Full Story Complete the form to...

ANTITRUST
States Sue Google Over App Store Practices
July 07, 2021

Google’s app store, Google Play, is the target of an antitrust lawsuit filed by dozens of states, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
House Judiciary Committee GOP Members Outline Big Tech Framework
July 07, 2021

Republican members of the U.S. House Judiciary Committee outlined their framework for Big Tech regulation, which came on the heels of the advancement of six new bipartisan bills intended to curb anti-competitive practices, CNBC reported on Wednesday (July 7). Get the Full Story Complete the form to...