European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

Source: ec.europa.eu

Mastercard, Visa Cut Tourist Interchange In Response To EC Pressure

Mastercard, Visa Cut Tourist Interchange In Response To EC Pressure
Mastercard, Visa Cut Tourist Interchange In Response To EC Pressure
April 29, 2019  |  Regulation

The European Commission announced Monday (April 29) that commitments made by Mastercard and Visa to reduce interchange fees are legally binding under European Union antitrust...

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Legislators In The EU Close Banking Loopholes
Legislators In The EU Close Banking Loopholes
April 16, 2019  |  Regulation

Legislators in the European Union have approved a slew of banking reforms including the closing of loopholes exposed by the financial crisis, according to a...

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With A Nod To European Commission Pressure, Facebook Updates Data Use Disclosures
With A Nod To European Commission Pressure, Facebook Updates Data Use Disclosures
April 09, 2019  |  Facebook

In the continuing saga focused on user data, how that data is used, and transparency, score one for the Europeans. Get the Full Story Complete...

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SWIFT, Ripple Support EU Blockchain Group Launch
SWIFT, Ripple Support EU Blockchain Group Launch
April 05, 2019  |  Blockchain

A new blockchain association has been created to promote the adoption of the technology across the European Union. Get the Full Story Complete the form to...

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France, Germany And EU Want China To Play Nice
France, Germany And EU Want China To Play Nice
March 26, 2019  |  International

The European Commission, along with France and Germany, are calling on China to open its domestic market more to foreign companies. Get the Full Story...

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Nike Receives $14.14M Fine Over Cross-Border Sales
Nike Receives $14.14M Fine Over Cross-Border Sales
March 25, 2019  |  Retail

In the latest European Union sanction related to cross-border sales, Nike received a $14.14 million — or 12.5 million euro — fine. The European Commission claimed...

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Google Faces Antitrust Fine From EU Over AdSense
Google Faces Antitrust Fine From EU Over AdSense
March 15, 2019  |  Regulation

Google and its parent company Alphabet could be facing an antitrust fine from the European Union in the coming weeks over its AdSense advertising product....

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European Commission To Create New AML Blacklist
European Commission To Create New AML Blacklist
March 10, 2019  |  AML

The European Commission vowed to compile a new list of countries that present a money laundering risk by summer as it steps up its fight...

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UK Retailers Press For Commercial Card Interchange Fee Caps
UK Retailers Press For Commercial Card Interchange Fee Caps
February 27, 2019  |  B2B Payments

The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3...

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