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U.S. Regulators to Bank Boards: “Debt is Good”

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Impacted organizations include certain large depository institution holding companies , U.S. intermediate holding companies of foreign banking organizations , and certain insured depository institutions. Comments must be received on or before November 30, 2023. Contact us to discuss your specific risk and regulatory challenges.

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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 The letter that was sent to the delivery company on Tuesday (Dec.

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Zuckerberg Visits DC To Talk Tech Laws With Senators  

PYMNTS

during a rare visit to Capitol Hill that comes on the heels of rising scrutiny over the company’s business practices, CNBC reported on Thursday (Sept. Warner, the vice chairman of the Senate Intelligence Committee, has been vocal in his support of regulating Big Tech. A spokeswoman for Sen. Mark Warner (D-Va.)

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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. Earlier this month, China debuted drafts for new rules for eCommerce companies, with the goal of trying to cut down on monopolistic power, PYMNTS reported.

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DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

The food delivery company trades under the ticker symbol of “DASH.”. DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus. DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus.

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Facebook Chief Spends Third Day In DC Meeting Lawmakers

PYMNTS

meeting with lawmakers, according to a report by Bloomberg. The past two days have been busy in the capital for Zuckerberg, as he’s had to defend his company from many who say it should be broken up. Facebook CEO Mark Zuckerberg spent a third day in Washington, D.C. On Friday (Sept. Zuckerberg reportedly disagreed. . “I

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DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

That translates into an intraday price of $182, up from the $102 where shares had initially priced , above a range that had been reported to be between $90 and $95. And yet the challenges that face the delivery companies and their platforms remain the same, remain real, and are mounting. monthly for the subscription).