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Moving to One Minute TRACE Reporting: A Review of FINRA Proposed Changes to Rule 6730

Perficient

In place since 2005, a 15-minute outer limit reporting timeframe currently applies to transactions in: Corporate bonds. ET, firms would be required to report the trade the same day, no later than one minute after the TRACE system opens; For transactions executed on a business day at or after 8:00:00 a.m. Current Time Requirements.

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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

Plus, Klarna reported mixed results for the first half of 2020. alleges that Apple demanded it remove a message in its app that told customers about the computer giant’s 30 percent cut of online sales for its new events feature. DC AG Sues Instacart Over Fees Customers Thought Were Tips. Facebook Inc. to buy TikTok’s U.S.

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Amazon Opens Bookstore In DC

PYMNTS

Betting that its popularity with shoppers online will translate into brick-and-mortar customers in Washington, D.C., The store occupies a space that formally housed a Barnes & Noble store in Georgetown, The Washington Post reported. For Prime members, Amazon will charge the same price for items in the store as it does online.

DC 103
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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience. Starbucks Coffee. The 20 largest brands notched a 1.2

DC 109
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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.

Industry 152
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ALI members to consider Restatement of the Law, Consumer Contracts at May 17 annual meeting

CFPB Monitor

In anticipation of the American Law Institute (“ALI”) considering the Restatement of the Law, Consumer Contracts (the “Restatement”) at its Annual Meeting in Washington, DC on Tuesday, May 17, we plan to release an episode about the Restatement with guest Steven Weise, a member of ALI’s Council on Monday, May 16.

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VW To Test Robotic Chargers For Self-Driving Electric Cars

PYMNTS

Electrify America, a subsidiary of Volkswagen Group of America, has announced a pilot project to test the viability of robotic fast-charging systems for self-driving electric vehicles (EVs), CNBC reported on Monday (Aug. A robotic arm attached to a 150kW DC fast charger would perform the task of plugging into the car’s charge port.