Legal & Regulation

Legal & Regulation
Facebook FTC Settlement To Include Board Oversight
July 22, 2019

The Federal Trade Commission will soon announce the details of a settlement with Facebook over privacy violations, according to a report by The Wall Street Journal on Monday (July 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
India’s Lawmakers Recommend Crypto Ban
July 22, 2019

A panel of lawmakers in India prepared a report about cryptocurrency use in the country and is recommending a ban on all “cryptocurrencies created by non-sovereigns,” according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Libra’s Long Week In Washington 
July 22, 2019

While we cannot accurately say that the two days Facebook’s David Marcus were the worst two days a Facebook executive has ever had in front of Congress, that statement is more a testament to how rough some of Facebook’s recent congressional hearing have been.  It...

Legal & Regulation
Amazon Threatens Surescripts Over Blocking PillPack Patient Data Access
July 19, 2019

Amazon’s pharmacy arm PillPack could soon be blocked from accessing patients’ histories, pitting the online giant against Surescripts, an electronic prescribing company that manages about 80 percent of all U.S. prescriptions, sources told CNBC. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Deep Dive: Retailers Prepare To Face SCA’s Downsides
July 19, 2019

Stronger authentication is an obvious, albeit costly, defense against the growing number of online banking fraud attempts. European merchants will be forced to comply with Strong Customer Authentication (SCA) come September, and they may face a significant loss in revenue and customers along with the...

Legal & Regulation
G7 Agrees To Tax Big Tech And Cut Libra No Slack
July 18, 2019

Group of Seven finance ministers and central bankers said digital currencies need to be closely regulated so that they don’t disrupt the global financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Why ING Is Taking A Platform Approach To PSD2 And Open Banking
July 18, 2019

As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in their relationships with customers. To withstand the shift, banks must get creative and evolve their platform offerings to include products from competing players,...

Legal & Regulation
G7 Finance Leaders: Libra Must Resolve Regulatory Issues
July 17, 2019

Group of Seven (G7) finance leaders said on Wednesday (July 17) that there were numerous issues that needed to be worked out, regulatory and otherwise, in order for Facebook’s proposed cryptocurrency Libra to ever be viable. Get the Full Story Complete the form to unlock...

Legal & Regulation
House Questions Big Tech Over Antitrust Concerns
July 16, 2019

The size and scope of “big tech” – and whether big really is too big – was in focus on Tuesday (July 16), across a series of Capitol Hill hearings that brought marquee names such as Amazon, Facebook and Google into marbled halls to defend...