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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Larry Hogan vetoed the levy.

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Bitcoin Regulatory Roundup: SEC Swoops In On The Crypto Company After Surge

PYMNTS

The SEC has voiced concerns about the company’s “potentially manipulative transactions,” and SEC chair Jay Clayton advised investors to exercise “extreme caution” when investing in Crypto and other digital currencies. According to Reuters, the regulatory body has decided not to regulate the trade of virtual currencies.

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GDPR Sparks Consumer Inquiries To Businesses

PYMNTS

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Brazil Law?

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Many banks will park this liquidity in cash or short-term securities in an attempt to get ahead of higher required capital ratios that are likely forthcoming from regulators. Previously, if banks were able to borrow against these securities, it would be at 98% of the market value or less, depending on the investment type.

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Google Facing Antitrust Fine From EU Over AdSense

PYMNTS

At the time, Google had 80 percent of the Euro market for search ads, and had apparently kept its anti-competition ad practice up for 10 years. Vestager, whose term ends in October , has also gone head-to-head with Apple, when she ordered the company to pay 13 billion euros ($15 billion) in back taxes from Ireland.

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The Beginning Of The End For Bitcoin?

PYMNTS

If that uncertainty isn’t loosening hodlers’ hodl, it seems unlikely that bad press, bitcoin ICO bans and regulation in China, derision from JPMorgan CEO Jamie Dimon or prophecies of a bursting bubble will do it either. Dimon said he would fire any JPMorgan employee found to be speculating in that market. percent this week.

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Food for Thought: A Policy on Credit Exceptions

Abrigo

and property tax payments. Generally speaking (subject to Regulation B), business loans should be guaranteed by the principals of the borrower. There probably should be no more than 3-5 exception types in each of those major categories. For example, documentation would encompass perfection, administrative (insurance, UCC-11s, etc.),

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