Legal & Regulation

ANTITRUST
FTC Chair: Companies Buying Startups Could Be Seen As Anti-Competitive
November 12, 2020

Joe Simons, chair of the U.S. Federal Trade Commission (FTC), said antitrust enforcers should be on guard against dominant companies buying emerging startups, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

ANTITRUST
Sen. Klobuchar: DOJ Suit Against Google Doesn’t Rule Out A Breakup
November 12, 2020

Sen. Amy Klobuchar, in talks for a possible attorney general position in the President-elect Joe Biden administration, has voiced support for the U.S. Department of Justice‘s move to leave open options for structural remedies in a lawsuit against Google that may mean breaking up the...

Legal & Regulation
Amazon Takes Aim at Counterfeiters, Collaborators In Federal Lawsuit
November 12, 2020

Luxury product rip-off artists and their social media accomplices beware: Amazon is coming after you. 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,...

ANTITRUST
Google Critics From US, UK Demand Prompt Antitrust Enforcement
November 12, 2020

A group of 165 companies and industry associations — from the U.S. and U.K as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible, according to a Reuters...

Legal & Regulation
EDPB Recommends Steps For Data Exporters To Ensure GDPR Compliance 
November 11, 2020

The European Data Protection Board (EDPB) adopted recommendations to assist data exporters with evaluating countries to ensure that they are adhering to the bloc’s level of protection under the EU General Data Protection Regulation (GDPR) and finding further measures as needed. Get the Full Story...

Legal & Regulation
China Releases Draft Rules To Prevent Tech Monopolies
November 10, 2020

China’s efforts to ramp up its regulatory game continued on Tuesday (Nov. 10) with the release of draft rules for governing eCommerce giants and payments services with the goal of curbing monopolistic behavior, Reuters reported. Get the Full Story Complete the form to unlock this...

Legal & Regulation
Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big...
November 09, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. 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...

ANTITRUST
Indian Antitrust Regulator Targets Google Over Google Pay Concerns
November 09, 2020

India’s competition watchdog is taking aim at Google for allegedly abusing its market power to push its payments app in one of the world’s fastest-growing markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
What’s Ahead for Financial Services In A Biden Administration?
November 09, 2020

The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...