Regulators

Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon
Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon
August 17, 2020  |  News

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. Plus, the Federal...

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Chinese Regulators Prepare To Crack Down On Luckin Coffee
Chinese Regulators Prepare To Crack Down On Luckin Coffee
July 31, 2020  |  Security & Fraud

Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal...

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EU Seeks Pledge From Google Prior To Sealing Fitbit Deal
EU Seeks Pledge From Google Prior To Sealing Fitbit Deal
July 23, 2020  |  ANTITRUST

Google will have to make “major concessions” to win speedy European Union approval of its planned purchase of Fitbit, the Financial Times reported on Thursday...

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FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
FTC Presses For Testimony From Facebook’s Zuckerberg, Sandberg
July 17, 2020  |  ANTITRUST

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate...

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EU To Examine German Regulators’ Oversight Of Wirecard
EU To Examine German Regulators’ Oversight Of Wirecard
July 15, 2020  |  Regulation

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed...

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India’s Investor Laws Blocks Food Delivery Startup Zomato From Chinese Investor Money
India’s Investor Laws Blocks Food Delivery Startup Zomato From Chinese Investor Money
July 06, 2020  |  Delivery

Zomato, the $3 billion Indian food startup, has been cut off from its biggest Chinese investor Ant Financial amid new Indian regulations, The Financial Times...

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EU Regulators To Decide On Mastercard’s $3.2B Nets Bid By Aug. 3
EU Regulators To Decide On Mastercard’s $3.2B Nets Bid By Aug. 3
June 30, 2020  |  ANTITRUST

The European Commission’s antitrust regulators are poised to rule on whether Mastercard’s $3.2 billion bid for part of the Scandinavian payments company Nets can go...

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German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
June 23, 2020  |  Regulation

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed...

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Ant Financial Changes Name Amid Regulatory Scrutiny
Ant Financial Changes Name Amid Regulatory Scrutiny
June 22, 2020  |  Regulation

What’s in a name? Apparently, a lot – if you are dealing with Chinese regulators. Ant Financial Services Group has won a green light from...

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