Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans | TechCrunch

November 21, 2024 2:46 AM0

The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check […]

Software Development in Sri Lanka

Robotic Automations

Apple faces UK 'iCloud monopoly' compensation claim worth $3.8 billion | TechCrunch

November 14, 2024 5:35 AM0

U.K. consumer rights group ‘Which?’ is filing a legal claim against Apple under competition law on behalf of some 40 million users of iCloud, its cloud storage service. The collective proceeding lawsuit, which is seeking £3 billion in compensation damages (around $3.8 billion at current exchange rates), alleges that Apple has broken competition rules by […]

Software Development in Sri Lanka

Robotic Automations

Corning, maker of toughened Gorilla Glass for phones, faces EU antitrust probe | TechCrunch

November 6, 2024 6:59 PM0

On Wednesday, the European Union opened an investigation of U.S. manufacturer Corning over possible anti-competitive practices. Corning may not be a name that’s super familiar to the average tech consumer, but you are almost certainly within touching distance of its products as its a leading supplier of speciality toughened glass for mobile devices, including Apple’s […]

Software Development in Sri Lanka

Robotic Automations

Affirm launches in the UK, as 'buy now, pay later' market faces regulatory overhaul | TechCrunch

November 4, 2024 5:53 AM0

Buy now, pay later (BNPL) giant Affirm is launching in the U.K., its first market outside North America. Its long-anticipated arrival comes as U.K. lawmakers mull new rules to bring BNPL firms into line with other traditional consumer credit services, though such laws aren’t expected to come into effect until at least 2026 — long […]

Software Development in Sri Lanka

Robotic Automations

US drone maker Skydio faces battery squeeze after Chinese sanctions | TechCrunch

November 1, 2024 3:14 AM0

America’s supply chain vulnerabilities were on full display Thursday after drone manufacturer Skydio told customers it was facing a battery squeeze after being hit with sanctions from China. “This is an attempt to eliminate the leading American drone company and deepen the world’s dependence on Chinese drone suppliers,” Skydio CEO Adam Bry said in a […]

Software Development in Sri Lanka

Robotic Automations

Temu's low cost marketplace faces formal probe in EU over raft of DSA compliance concerns | TechCrunch

October 31, 2024 5:59 PM0

The European Union has expanded its scrutiny of online marketplaces by opening a formal proceeding on Chinese low cost ecommerce platform, Temu, under the Digital Services Act (DSA), the Commission announced Thursday. Enforcers of the online governance framework will now dial up their oversight of Temu. The bloc’s suspicions are focused on concerns about the […]

Software Development in Sri Lanka

Robotic Automations

Beyond the hype: Why Tesla’s robotaxi future faces regulatory roadblocks | TechCrunch

October 25, 2024 10:06 PM0

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Kirsten is still out doing Kirsten things, so I (Rebecca Bellan) will continue to pass along all the tech mobility news that’s fit to print. It’s been […]

Software Development in Sri Lanka

Robotic Automations

Pinterest faces EU privacy complaint over tracking ads | TechCrunch

October 24, 2024 10:44 AM0

When it comes to privacy nightmares, Pinterest is unlikely to be the first social app that springs to mind. But the visual discovery engine’s use of tracking ads is the target of the latest complaint from European privacy rights non-profit noyb, which accuses it of breaching the bloc’s General Data Protection Regulation (GDPR) by failing […]

Software Development in Sri Lanka