article thumbnail

DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

The attorney general of the District of Columbia, Karl Racine, has written a letter ordering DoorDash Inc. million settlement with the district’s attorney general for purportedly misrepresenting that diner tips would go to drivers. News of the reported letter comes on the heels of DoorDash reaching a $2.5

DC 226
article thumbnail

DoorDash Shares Surge Over 85 Pct On First Trading Day

PYMNTS

It also comes as the attorney general of the District of Columbia, Karl Racine, has reportedly written a letter ordering DoorDash to stop charging eateries a 30 percent commission on every order through the delivery firm’s DashPass subscription offering.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uber Agrees To Pay $145M Fine To Settle Data Breach Lawsuit

PYMNTS

Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators. The nationwide settlement, which California helped to lead, calls for a $148 million penalty payment by Uber, benefiting all 50 states and the District of Columbia.

article thumbnail

Bitcoin Daily: Jamie Dimon Could Not Give A *&*% About Bitcoin; Dapper Labs Notches $15M For CryptoKitties

PYMNTS

Vullo said in a statement, “Today’s approval is a further step in implementing strong regulatory safeguards and effective risk-based controls, while encouraging the responsible growth of financial innovation.” It has over 200 machines in the District Of Columbia and 19 states.

Bitcoin 123
article thumbnail

Saving Main Street: Fairfax County, VA Kicks Into Gear

PYMNTS

Development goals, zoning, permits and regulations have just started to be integrated. Activate will show growth and innovation,” she predicted. “We Economic Development Administration, Moudry led a program to increase investment in innovation clusters across the country. Department of Commerce. At the U.S.

Maine 130
article thumbnail

Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News

PYMNTS

Lead, follow or get out of the way – that seems to apply to the rise of open banking , which promises more financial services innovation, along with greater financial transparency and flexibility. A slew of regulators and investigators reportedly are looking into QuadrigaCX’s shuttering of operations earlier this year.

article thumbnail

Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Though marijuana has been decriminalized for medical or recreational purposes in 29 states (and the District of Columbia) and 64 percent of the polled voting population supports marijuana’s legalization, pot remains very much illegal on the federal level as a Schedule 1 narcotic.