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Payments News Update – January 21, 2021

Posted  01/21/21
Legal and Regulatory Developments SPOTLIGHT: CFPB Under Chopra Will Be Aggressive Consumer Watchdog, Experts Say Compliance Week – January 19, 2021 Rohit Chopra, currently a Democratic commissioner on the Federal Trade Commission, has been nominated by President-elect Joe Biden to lead the Consumer Financial Protection Bureau (CFPB). Unlike some Biden nominations (think Janet Yellen at the Treasury...

The Antitrust Week In Review

Posted  01/18/21

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Biden should expand antitrust cases, break up tech companies, high-profile group says.  The Biden administration should expand antitrust cases against Alphabet’s Google and Facebook and encourage breaking up companies, according to a group whose founder is working with the president-elect’s transition...

Payments News Update – January 14, 2021

Posted  01/14/21
Legal and Regulatory Developments SPOTLIGHT: Visa Will Not Acquire Plaid After Running Into Regulatory Wall TechCrunch – January 12, 2021 Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13, 2020, or nearly one year ago...

The Antitrust Week In Review

Posted  01/11/21

Here are some of the developments in antitrust news this past week that we found interesting and are following.

N.C.A.A. President Seeks Delay on Vote to Let Students Profit From Fame.  The N.C.A.A., confronted with new scrutiny from the Justice Department, on Saturday all but abandoned plans for votes in the coming days that could have allowed student-athletes to profit off their fame, assuredly inflaming a debate...

The Antitrust Week In Review

Posted  01/4/21

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Ticketmaster pays $10 million criminal fine for invading rival's computers.  Ticketmaster LLC will pay a $10 million criminal fine to avoid prosecution on U.S. charges it repeatedly accessed the computer systems of a rival whose assets its parent Live Nation Entertainment Inc later purchased. The fine is...

The Antitrust Week in Review

Posted  12/28/20
Here are some of the developments in antitrust news this past week that we found interesting and are following. Fiat Chrysler, PSA win EU antitrust okay for $38 billion merger.  Fiat Chrysler and French rival PSA gained EU antitrust approval for their $38 billion merger to create the world’s No.4 carmaker after pledging to boost Japanese rival Toyota Motor. The two carmakers are looking to the deal to help them...

The Antitrust Week In Review

Posted  12/21/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Supreme Court to Rule on N.C.A.A. Limits on Paying College Athletes.  The Supreme Court agreed on Wednesday to decide whether the N.C.A.A. had violated federal antitrust laws by restricting what college athletes could be paid.  In May, the United States Court of Appeals for the Ninth Circuit, in San...

Payments News Update – December 17, 2020

Posted  12/17/20
Legal and Regulatory Developments SPOTLIGHT: Will a U.K. Class Action Case Influence Interchange Policy in the United States? Digital Transactions News – December 14, 2020 A class of 46 million consumers in the United Kingdom cleared a major hurdle last week when the country’s Supreme Court ruled that a class-action suit brought against Mastercard Inc. for excessive interchange fees can proceed. But they...

The Antitrust Week In Review

Posted  12/14/20

Here are some of the developments in antitrust news this past week that we found interesting and are following.

Facebook antitrust cases assigned to U.S. judges named by Obama.  Lawsuits filed against Facebook Inc. by the U.S. Federal Trade Commission and nearly every U.S. state on Wednesday were assigned to two U.S. judges in Washington appointed by former President Barack Obama, federal court records released...

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