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DOJ, State AGs Could Combine Google Investigations

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The probe is centered on whether Google’s monopoly of the online search world – and the ensuing advertising revenue it commands – represent an illegal form of market control. states, the District of Columbia and Puerto Rico formally launched an investigation into Google. Thus far, U.S.

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Afterpay Pushes Back Against Fee Regulation

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Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay has a market capitalization of around $10 billion. Afterpay CEO Anthony Eisen said the company should be seen as a sales and marketing company, more like Amazon or Google.

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Top 4 Chinese Tech Firms Shed $200 Billion As Regulators' Alibaba Probe Scares Away Investors

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Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

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PayPal, Google Give OCC’s Bank Charter The Cold Shoulder

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The OCC held meetings with technology conglomerates Google , PayPal and others about the possibility of bank charters for the firms, reports in American Banker said on Monday (June 16). PayPal and the OCC declined to comment, while Google did not respond to the publication’s requests for comment.

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Top News In Payments: Goldman To Launch Robo Advisor; Regulators Want Monitoring Of Big Tech Data Use

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In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. s Competition and Markets Authority (CMA) will decide on Dec.

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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos

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Today in the payments news roundup, Google has reportedly prohibited high-interest consumer loan services from its Google Play store. Google Play Store Boots Payday Loan Apps. Google Play Store Boots Payday Loan Apps. High-interest consumer loan services are now prohibited from having apps on the Google Play store.

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STC Pay, Moven Team Up To Launch Saudi Challenger Bank

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Almoayed has helped Moven to deal with rules and regulations for banks in the area. In other news in the region , STV, one of the country’s largest venture capital firms, has hired a former Google employee named Ivan Jakovljevic to help nurture and grow more tech unicorns (companies worth more than $1 billion).

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