oversight

Thu
21
Nov
Dennis Faas's picture

Digital Wallets to Face Oversight Under New CFPB Rule

Silicon Valley tech giants and financial technology companies that collectively process over 13 billion financial transactions annually will now face enhanced government oversight. On Thursday, the U.S. Consumer Financial Protection Bureau (CFPB) ... finalized a new rule aimed at subjecting digital wallets and payment apps to the same scrutiny as traditional banks. This move is designed to safeguard consumer data, prevent fraud, and address unauthorized account closures. (Source: reuters.com ) Why the New Rule Matters Digital payment platforms like Apple Wallet, Google Pay, and Venmo have become ... (view more)

Wed
11
May
Dennis Faas's picture

13 Year Government vs Microsoft Case Finally Ends

The Department of Justice has agreed to end its legal oversight of Microsoft. It follows a 10 year period during which the Redmond-based software company had to make itself open to examination by U.S. officials. Basis: Microsoft Unfairly Promotes ... Internet Explorer The Department of Justice has agreed to officially end the oversight on May 12, 2011. The case brings to a conclusion a process that began way back in 1998, when the department filed a lawsuit against Microsoft, accusing it of unfairly promoting its own Internet Explorer (IE) browser by including it in Windows at the expense of ... (view more)

Tue
21
Apr
Dennis Faas's picture

Justice Dept Seeks Extension in MS Antitrust Case

The U.S. Department of Justice (US DOJ) and several states have requested an extension of restrictive antitrust oversight of Microsoft Corp. An 18 month extension was requested by the DOJ and 17 U.S. states, including New York and California, in ... order to 'thoroughly scrub' technical documentation Microsoft is producing to comply with antitrust law. The DOJ's restrictive oversight of Microsoft was first implemented in 2002 as part of an antitrust settlement that required Microsoft to produce reams of technical documentation designed for enabling rivals to design compatible products with ... (view more)

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