Visa and Mastercard Allegedly Spend Millions to Block Competition
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Navigating the legal landscape in the fintech industry can be complex, given the rapid pace of technological advancements and the stringent regulations designed to protect consumers and ensure fair market practices. For businesses operating in this dynamic sector, understanding and adhering to the myriad of legal requirements is crucial for success and sustainability. This article […]
The Securities and Exchange Commission (SEC) has asked a federal judge to sanction Elon Musk if the billionaire continues to violate a court order to testify about his acquisition of the social media platform Twitter, currently named X, in 2022.
The European second-top court on Wednesday, September 18, basically confirmed the EU antitrust fine against the US chip manufacturer Qualcomm.
The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
After a lengthy pause caused by regulatory hurdles, Meta will begin training its AI models using public content shared by adult UK citizens on Facebook and Instagram.
In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.
The European top court on Tuesday, September 10, ruled against Apple.
The media reports that in Sweden, the Financial Supervisory Authority (FSA) has conducted an estimate of the risk assessment system currently used by Klarna and after that made critical remarks.
The top court of Europe on Tuesday, September 10, decided that a fine for 2.4 billion euros ($2.65 billion) against Google remained in force.
The joint AI treaty is the next global move towards unifying national goals and values related to artificial intelligence, human rights and democracy.
The media reports that currently in the United Kingdom, the local payment regulator is abruptly cutting its compensation plan for victims of fraud.
In Brazil, a panel of federal supreme court justices voted unanimously to uphold an order suspending the operation of social media platform X, formerly known as Twitter and owned by Elon Musk, in the country.
Currently, in the United Kingdom, according to media reports, hundreds of local financial institutions and fintech companies are making every possible effort to ensure that their activities comply with the new anti-fraud rules in the payment transaction area.
The Reserve Bank of India (RBI) imposed penalties on Visa, Manappuram Finance, and Ola Financial Services for non-compliance.
Apple has signed the voluntary commitments of the President of the United States Joe Biden, which are aimed at regulating activities in the artificial intelligence industry.
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