July 21, 2024
OCC: Banks Unprepared for Cyberattacks and Other Risks
A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. As Bloomberg News reported Sunday (July 21), a confidential assessment by the Office of the Comptroller...
July 21, 2024
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from the U.K.’s Financial Ombudsman Service...
July 20, 2024
National Ice Cream Day Gets a Sprinkle of Digital Transformation...
Sunday (July 21) is National Ice Cream Day, and as the event has evolved for today’s digital consumers, brands are taking advantage of shoppers’ enthusiasm for the sweet treat to...
July 19, 2024
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the Paris Olympics, and nearly any...
July 19, 2024
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified against the proposed merger Friday...
July 19, 2024
Restaurants Tinkering With Subscriptions Turn From Freebies to Discounts
As the restaurant industry aims to figure out how to use subscriptions to drive loyalty, some are finding that offering free menu items is not particularly cost effective, instead shifting...
July 19, 2024
Ensuring Fair Competition: Antitrust Considerations in the US Patent Eligibility...
By: Konstantin Voropaev (Elbert, Nazaretsky, Rakov & Co/Kluwer Competition Blog) The Patent Eligibility Restoration Act of 2023 (PERA), introduced by Senators Thom Tillis and Chris Coons, aims to broaden the...
July 19, 2024
The Commission Amends Regional Aid Rules to Foster Support for...
By: Carole Maczkovics & Alessandro Cogoni (Covington Competition) On 31 May 2024, the European Commission (“Commission”) adopted an amendment to its Regional Aid Guidelines (“RAG”), enabling EU Member States to grant higher...
July 18, 2024
Cryptocurrency Exchange WazirX Loses $230 Million in Cyberattack
Indian cryptocurrency exchange WazirX said Thursday (July 18) that it lost more than $230 million in a cyberattack. “This is a force majeure event beyond our control, but we are...