Tag Archives: Rein

The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees

April 23, 2024 The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees Many of these apps charge monthly subscription fees, and most charge mandatory fees for instant transfers of funds. BY Associated Press When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in … Continue reading The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees

Why EU regulators can rein in Big Tech, and the U.S. can’t

  By Leila Frankina February 08, 2024 When Amazon announced last week that it was backing off a bid to purchase Roomba-maker iRobot, the two companies cited a familiar refrain: “Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union,” read a statement from iRobot.  That the EU was scrutinizing … Continue reading Why EU regulators can rein in Big Tech, and the U.S. can’t

Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?

  By Matt Stoller November 11, 2022   This article is republished with permission from BIG, a newsletter on the history and politics of monopoly power. Subscribe here. “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”—Sam Bankman-Fried, 2022 “Recklessness and deceit do not automatically excuse themselves by notice of repentance.”—Louis … Continue reading Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?