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Big Tech Faces Regulation Reckoning As 2021 Dawns

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If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10 Million Over Claims About iPhone Water Resistance

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UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. That new division will fall under the country’s Competition and Markets Authority (CMA). Apple Faces $12M Fine Over iPhone Marketing.

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Google Backs FedNow Payments System

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Google sent a letter to the Federal Reserve , asking the U.S. Mark Isakowitz, Google’s head of U.S. government affairs and public policy, said in a letter to the Fed that Google “worked closely” with the National Payments Corporation of India (NPCI) to build Google Pay for the Indian market. billion now.

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Google Pay, PhonePe To Offer Auto Debit In India

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Google Pay and PhonePe , digital payment providers, are collaborating with the National Payments Corporation of India (NPCI) to offer recurring payments, Moneycontrol.com reported, citing banking sources. Google Pay and PhonePe have started work on the recurring payments platform,” one of the bankers said, according to Moneycontrol.

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Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

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Regulation. EU Gears Up To Propose New Big Tech Regulations. The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. Australian Regulator Looks Into Merger Law Changes. It is due to be put forward early next month. Turkey Hits Big Tech Platforms With $1.18M Penalty.

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Google Makes A Big New Move Into News Aggregation

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Publishers like all the traffic Google and Facebook have the power to send to news content, but they’re less delighted being beholden to the tech giants and at the mercy of their policies. But Google is aiming to build a friendlier and more productive relationship with content producers, announcing a plan Thursday (Oct. publishers.

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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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