Today, the Consumer Financial Protection Bureau (CFPB) finalized a controversial rule to bring a range of nonbank companies under formal federal supervision. The so-called ‘larger participant’ rule will require digital payment platforms and wallets to comply with supervisory regulations typically reserved for large banks and credit unions. “This rule is a parting salvo from CFPB… Continue reading CFPB Goes After Fintech in Finalized ‘Larger Participant’ Rule
Author: Allie Caccamo
DOJ Seeks To Breakup Google: ‘Treating a Hangnail by Amputating Limbs’
Yesterday, the Department of Justice (DOJ) proposed a series of sweeping remedies in its ongoing antitrust case against Google, including forcing Google to sell off its Chrome browser and make its search index and algorithms available to competitors. “These proposed remedies go so far beyond the scope of the case that they are like amputating… Continue reading DOJ Seeks To Breakup Google: ‘Treating a Hangnail by Amputating Limbs’
Massachusetts Restricts Ticket Resale, Strengthening Ticketmaster’s Monopoly
Today, Massachusetts Governor Maura Healey signed the Mass Leads Act, which includes a provision that will harm the ticket resale market, drive up prices for fans, and undercut market competition. As written, the provision enables primary ticket sellers to effectively block consumers from being able to transfer or resell tickets that they have purchased. This… Continue reading Massachusetts Restricts Ticket Resale, Strengthening Ticketmaster’s Monopoly
Letter to OH Lawmakers: Oppose Problematic Content Moderation Bill (HB 485)
Letter to European Data Protection Board: Comments on Personal Data Processing Guidelines
Letter to LA Lawmakers: Oppose or Amend Proposed Tax on Rideshare and Delivery (HB 9)
D.C. Attorney General Takes Aim At Earned Wage Access
Today, D.C. Attorney General Brian Schwalb filed suit against earned wage access (EWA) provider EarnIn, which enables workers to access a portion of their already-earned wages in between pay periods. Despite the fact that EWA products do not carry an interest rate, the Attorney General alleges that EarnIn is “illegally providing high-interest loans to more… Continue reading D.C. Attorney General Takes Aim At Earned Wage Access
DOJ’s Kanter Goes For Broke With “Fantastical” Google Antitrust Remedies
Today, Bloomberg reported that the Department of Justice (DOJ) is preparing to propose aggressive remedies in its antitrust case against Google’s search distribution deals. According to Bloomberg, these remedies include forcing Google to sell off Chrome; allowing websites to opt-out of AI training; and forcing Google to share its search query and click data with… Continue reading DOJ’s Kanter Goes For Broke With “Fantastical” Google Antitrust Remedies
Trump’s FCC Pick Crusaded Against Content Moderation in Project 2025
Today, President-Elect Donald Trump appointed Brendan Carr as the next Chair of the Federal Communications Commission (FCC). Carr has stated his intention to weaken Section 230 of the Communications Decency Act, the 28-year-old statute that enables online speech. Carr detailed his plan to ‘reinterpret’ Section 230 in Project 2025, the sweeping, regressive governing blueprint for… Continue reading Trump’s FCC Pick Crusaded Against Content Moderation in Project 2025