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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

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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. billion valuation.

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DC Attorney General Sues Facebook Over Data Collection

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Prosecutors in Washington, DC, are suing Facebook over stolen user data related to the Cambridge Analytica scandal, according to reports. The DC attorney general’s (AG) office announced the lawsuit on Wednesday (Dec. The DC attorney general’s (AG) office announced the lawsuit on Wednesday (Dec.

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

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Plus, Klarna reported mixed results for the first half of 2020. DC AG Sues Instacart Over Fees Customers Thought Were Tips. Report: Walmart Joins Microsoft on TikTok Bid. Report: How ING Group Is Using AI to Fight Financial Crime. In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s

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

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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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Facebook Negotiates Sandberg DC Hearing Testimony

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It was reported that the hearing could happen later in the year. With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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Amazon Opens Bookstore In DC

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The store occupies a space that formally housed a Barnes & Noble store in Georgetown, The Washington Post reported. Recode , citing multiple people familiar with Amazon’s plans, reported news that the eCommerce giant is planning to open as many as six new Amazon Go locations in 2018.

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DC AG Is Suing DoorDash Over Tipping

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Attorney General Karl Racine is suing popular delivery company DoorDash, saying the company didn’t adequately distribute tips nor did it retroactively pay back those tips when its practices were changed, according to a report by TechCrunch. . The investigation into the tipping practices of DoorDash was started in March of this year.

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