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Amazon Faces EU Antitrust Charges Over Seller Data

PYMNTS

At issue is Amazon’s parallel responsibility to third-party vendors as an eCommerce ecosystem, and to itself as a rival on the platform with competing merchandise, the sources told FT. . In the U.S.

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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants. The Federal Trade Commission (FTC) also published a short notice in September 2022 on the obligations of BNPL providers vis-à-vis the FTC Act.

OCC 59
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The Walmart Amazon Whole Paycheck Tracker: The Regulation And eCommerce Loss Blues

PYMNTS

It’s pretty clear to us that the FTC [Federal Trade Commission] and different relevant regulators should be taking a much closer look at these platform companies,” said Nicholas Ahrens, vice president of innovation for the Retail Industry Leaders Association (RILA), in an interview, according to Bloomberg.

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Amid Claims Of Bias, White House Plans Summit On Social Media

PYMNTS

Washington is increasingly concerned about the size and reach of tech companies, and both the Department of Justice and the Federal Trade Commission recently announced probes into major tech operations. “These people are all Democrats; it’s totally biased toward Democrats.”.