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California Lets Aurora Operate Driverless Cars

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Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. Aurora, with logistical operations currently in Palo Alto, Pittsburgh, and San Francisco, has approximately a dozen self-driving vehicles used for testing on American public roads.

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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. According to Wall Street Journal reports, the meeting could eventually end with the state and federal forces combining their efforts where Google is concerned.

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Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement

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urged antitrust regulators to act fast in enforcement toward Google. banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. Google Critics From US, UK Demand Prompt Antitrust Enforcement. Afterpay Rolls Out BNPL Cross-Border Pay For Merchants.

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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 dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

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House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit.

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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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