Legal & Regulation

Legal & Regulation
Justice Department Sues Walmart Over Opioid Sales
December 22, 2020

The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect prescriptions despite warnings by its own pharmacists about the problem, The Wall Street Journal reported. Get the Full Story Complete...

Legal & Regulation
SEC Files Lawsuit Against Ripple Over Unregistered Securities
December 22, 2020

The U.S. Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday (Dec. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
Fed To Credit Suisse: Improve Anti-Money Laundering Practices
December 22, 2020

The U.S. Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. operations, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
Robinhood Focusing On Compliance In Wake Of SEC Settlement
December 22, 2020

Robinhood CEO Vlad Tenev told CNBC on Monday (Dec. 21) that his company is focusing on compliance in the wake of a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that it misled investors. Get the Full Story Complete the form to...

ANTITRUST
Lawsuit Charges Facebook, Google Struck Deal To Ward Off Antitrust Probes
December 22, 2020

Facebook and Google are facing an array of antitrust lawsuits along with investigations by regulators in the U.S. and in Europe. Google has been hit by an antitrust lawsuit filed by a coalition of 38 state attorneys general, for example, while Facebook faces an antitrust...

Legal & Regulation
Big Tech Compliance Tracker: EU Unveils Drafts Of New Big Tech Regs; Facebook To Move...
December 21, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments in the U.S., the U.K. and Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
China Eyes Limits On Bank, FinTech Partnerships
December 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Apple iOS, macOS Exec Ordered To Testify In Epic Suit
December 18, 2020

Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit Epic Games brought against the Cupertino, California-based company, Apple Insider reported. Get the Full Story Complete the form to unlock...

Legal & Regulation
Congress Agrees Avoid Federal Shutdown For 48 Hours As Lawmakers Try To Reach Stimulus Deal
December 18, 2020

The U.S. House and Senate passed an agreement Friday evening (Dec. 18) to postpone a government shutdown for 48 Hours as Capitol Hill lawmakers prepared to settle in for a working weekend in a bid to pass a COVID-19 stimulus bill. President Donald Trump later...