Legal & Regulation

ANTITRUST
Spotify Slams New Apple One Service, Claims It’s Anticompetitive
September 15, 2020

Spotify, the music streaming giant, criticized tech rival Apple over a new subscription bundle that allegedly favors the company’s own Apple Music service over others, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

ANTITRUST
Facebook Could Face FTC Antitrust Suit By Year’s End
September 15, 2020

The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
EU Regulators Will Focus On Big Tech In Drafting New Rules
September 15, 2020

European Union (EU) regulators plan to target new rules squarely against Big Tech companies like Facebook and Apple, a Financial Times report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
September 14, 2020

The United Kingdom’s financial regulator has closed the book on seven of 14 criminal investigations into the breach of money laundering rules, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Big Tech Compliance Tracker: Japan Fair Trade Commission Receives Amazon Japan’s Improvement Blueprint; Italy’s Competition Regulator AGCM Probes...
September 14, 2020

Here’s the latest news for Big Techs Amazon, Facebook, Apple, and Google, which are coming under increasing scrutiny from regulators and officials. 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...

Bank Regulation
Citi To Face Regulators’ Rebuke Over Faulty Risk Management
September 14, 2020

Regulators are expected to reprimand Citigroup for its faulty risk management system, which works to detect problematic transactions, risky trades and other such issues, and that has apparently sped up retirement plans for Chief Executive Michael Corbat, according to a report in The Wall Street Journal....

Legal & Regulation
New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As...
September 13, 2020

New Chinese finance rules will force the Jack Ma-backed Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
US Senate Bill Would Limit What Social Media Can Moderate To Keep Liability Protection
September 10, 2020

A new bill could limit the powers tech companies have to operate without regulations in the U.S., CNBC reported. 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
Facebook’s Zuckerberg: Apple’s ‘Control’ Of App Store Should Be Examined
September 09, 2020

Facebook CEO Mark Zuckerberg, speaking with “Axios on HBO,” said he believes Apple‘s App Store “deserves 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...