European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

Source: ec.europa.eu

Mastercard Fined $648M Over X-Border EU Interchange Fees
Mastercard Fined $648M Over X-Border EU Interchange Fees
January 22, 2019  |  Regulation

Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially....

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UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
January 14, 2019  |  Security & Fraud

Aiming to fight more financial crime, the U.K. government has recruited senior executives from Barclays, Lloyds Banking and Banco Santander. According to a report in...

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Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?
Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?
January 11, 2019  |  Google

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the...

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Auditors Say EU Failed To Stop Misuse Of Funds
Auditors Say EU Failed To Stop Misuse Of Funds
January 10, 2019  |  Security & Fraud

Auditors of the European Union said Thursday (Jan. 10) that the EU is failing to stop the misuse of funds to the tune of hundreds...

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EU Wants Tougher AML Enforcement
EU Wants Tougher AML Enforcement
December 28, 2018  |  International

The vice president of the European Commission in charge of the euro, Valdis Dombrovskis, said Brussels wants more stringent enforcement of anti-money laundering (AML) rules...

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EU Bans Unfair Food Supply Chain Practices
EU Bans Unfair Food Supply Chain Practices
December 20, 2018  |  B2B Payments

The European Commission has introduced new measures to protect farms in the EU food sector against unfair supply chain practices, the body said in an...

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SEC Head Begs EU, UK To Stabilize Post-Brexit Plan
SEC Head Begs EU, UK To Stabilize Post-Brexit Plan
December 18, 2018  |  Regulation

Jay Clayton, the chief of the U.S. Securities and Exchange Commission (SEC), urged European Union and U.K. lawmakers to prepare for a no-deal Brexit, which...

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Data Dive, Trying New Things Edition: Walmart, Amazon And EU Card Fees
Data Dive, Trying New Things Edition: Walmart, Amazon And EU Card Fees
December 10, 2018  |  Data Dive

Poet William Cowper famously wrote in his 1787 poem “The Task” that “variety is the spice of life.” And while change-resistant humans are often a bit...

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Mastercard Incurs $650M Charge Over EU Antitrust Fine
Mastercard Incurs $650M Charge Over EU Antitrust Fine
December 04, 2018  |  ANTITRUST

Mastercard incurred a $650 million fourth-quarter charge related to a large fine over a 2015 EU antitrust investigation, Reuters reported on Tuesday (Dec. 4). The company was accused...

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