PYMNTS-MonitorEdge-May-2024

Competition

California Accuses Amazon Of Antitrust Violations In Lawsuit
California Accuses Amazon Of Antitrust Violations In Lawsuit
September 14, 2022  |  Amazon

California has sued Amazon as of Wednesday over allegations of violating antitrust and unfair competition laws, The Wall Street Journal wrote. The state is saying...

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Google’s Appeal of EU’s Record Fine Nets 5% Reduction
Google’s Appeal of EU’s Record Fine Nets 5% Reduction
September 14, 2022  |  Google

Europe’s highest court agreed with European Union antitrust regulators and upheld most of the record $4.33 billion fine levied against Google for favoring its own...

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Europe New Battleground in Fight Against Platform Monopolies
Europe New Battleground in Fight Against Platform Monopolies
June 16, 2022  |  Big Tech

In Apple’s ongoing antitrust woes, the locus of the company’s legal concerns is increasingly moving from the U.S. to Europe as investigations by EU and...

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CFPB to Push for Consumer Finance Innovation, Competition
CFPB to Push for Consumer Finance Innovation, Competition
May 24, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has opened the Office of Competition and Innovation, to promote more competition and look into stumbling blocks for new...

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Justice Dept. Joins DC’s Antitrust Action Against Amazon
Justice Dept. Joins DC’s Antitrust Action Against Amazon
April 29, 2022  |  Amazon

The Biden administration has asked a judge to review a suit accusing Amazon of anticompetitive behavior, Bloomberg writes, to possibly bring it back after it...

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Google’s Latest App Store Payment Policy Raises Concerns in Korea  
Google’s Latest App Store Payment Policy Raises Concerns in Korea  
April 06, 2022  |  ANTITRUST

Last year, South Korea became the first country to approve legislation changing Google and Apple Inc.’s policies on how apps on their platforms sell subscriptions,...

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Visa Faces ‘New Network Fees’ Antitrust Suit After Court of Appeal Loss 
Visa Faces ‘New Network Fees’ Antitrust Suit After Court of Appeal Loss 
April 06, 2022  |  ANTITRUST

Visa will need to defend, for the second time, its debit card fees in an antitrust suit filed by payment processing network Pulse Network L.L.C....

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EU Competition Chief Hints at More Reforms on the Horizon
EU Competition Chief Hints at More Reforms on the Horizon
March 31, 2022  |  ANTITRUST

After the agreement on the Digital Markets Act last week and the soon-to-be approved Digital Service Act, the EU is poised to use the political tailwind...

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EU Digital Markets Act Applies to Big Tech and Not-So-Big Tech 
EU Digital Markets Act Applies to Big Tech and Not-So-Big Tech 
March 25, 2022  |  Regulation

The new European Digital Markets Act which aims to rein in Big Tech may enter into force by the end of the year after the...

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