Financial regulators in China are moving to curb the influence of Jack Ma‘s Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. Get the...
While Facebook has said it is open to liability reform that would make websites more accountable for posted content, smaller players are concerned that they wouldn’t be able to afford the costs of expanded liability. Get the Full Story Complete the form to unlock this...
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...
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...
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 —...
The European Commission released on Tuesday (Dec. 15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms, offering first drafts for the Digital Markets Act (DMA) and the Digital Services Act (DSA) to the public. The draft...
Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. 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...
The incoming administration of President-elect Joe Biden should avoid the broad-based use of tariffs, re-engage allies and spend more on education — but preserve the President Donald Trump administration’s tax and regulation cuts, nearly 300 CEOs assembled for a virtual Wall Street Journal conference said....
The regulatory pressure on Big Tech continues, with the European Union mulling massive fines in a bid to force Facebook, Amazon and other tech giants to do a better job of policing online ads and content. Get the Full Story Complete the form to unlock...
