FTC v. Meta: in opening arguments, FTC lawyers accuse Meta of a “buy-or-bury strategy” to cement a social networking monopoly by buying Instagram and WhatsApp
How is this even a question! [image] Kyung Sook / @kyungsookl : I didn't understand why facebook suddenly reversed course, allowed DJT to return to facebook and Zuckerberg attended the inauguration. ...
Donald Trump fires Consumer Financial Protection Bureau Director Rohit Chopra, one of the more important regulators and holdovers from the Biden administration
President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.
Donald Trump fires Consumer Financial Protection Bureau Director Rohit Chopra, one of the more important regulators and holdovers from the Biden administration
President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks
the Biden/Warren crew just enacted this to stop @X from becoming a payments juggernaut. Wow, a whole new 259-page rule aimed at X...yet more lawfare against you.👊 (Congress can & probably will CRA thi...
The US DOJ sues Adobe for allegedly harming “consumers by enrolling them in its default, most lucrative subscription plan without clearly disclosing” plan terms
Amid a flurry of tech news yesterday … Kevin Okemwa / Windows Central : US government sues Adobe for ‘deceptive’ business tactics and hiding steep subscription cancellation charges to ‘trap’ its custo...
At a White House roundtable, the US Consumer Financial Protection Bureau touts Fair Credit Reporting Act rules to crack down on harmful data broker practices
like payment history or criminal history — as a consumer report under the FCRA. That would trigger new accountability requirements. Tonya Riley / @tonyajoriley : The 2nd proposed rule would clarify ex...
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
US CFPB Director Rohit Chopra says the agency should “take a very careful look” at Big Tech entering the buy now, pay later space, after Apple's BNPL debut
Stefania Palma / Financial Times :
The US Senate votes 51-50 to confirm privacy expert Alvaro Bedoya to the FTC, replacing former Commissioner Rohit Chopra and establishing a Democratic majority
Democrats now have a majority on the Federal Trade Commission to protect consumers and crack down on Big Oil price gouging. Every Republican voted against him. Richard Blumenthal / @senblumenthal : Al...
The US CFPB orders online payday lender LendUp to shutter lending operations after finding it repeatedly lied to and illegally cheated its customers
it has been a long time coming. In other news, anyone looking to buy my shares of LendUp? Rohit Chopra / @chopracfpb : We will be working to provide redress to borrowers cheated by @LendUpCredit throu...