Some digital services look like banks and act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud. This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services […]
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Cruise, the autonomous vehicle unit of General Motors, has admitted to submitting a false report with the goal of influencing a federal investigation into a safety incident last year. In penance, the company will pay a $500,000 criminal fine as part of a deferred prosecution agreement, per the Department of Justice (DOJ). This is one […]
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Ford has agreed to pay a $165 million penalty to federal regulators after moving too slowly to recall vehicles with faulty rearview cameras. This is the second largest fine the National Highway Traffic Safety Administration (NHTSA) has handed out in its 54-year history, after the 2019 Takata airbag recalls. Ford also failed to provide accurate […]
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PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. The company is launching this feature in the U.S., Germany, the U.K., Italy, and Spain ahead of the holiday season. “Re-launching” might be the more appropriate verb here: […]
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It’s rare when French newspapers team up and agree on something. But major publications, such as Le Monde, Le Figaro and Le Parisien have collectively decided to take legal action against X over neighboring rights, according to a statement sent to Reuters and the AFP. Under EU law, digital platforms are required to negotiate with […]
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Following Donald Trump’s election victory, thousands of bettors now anticipate a potential $450 million payout from online betting sites, says Reuters. As Trump’s odds surged on so-called prediction markets near the end of the race, platforms like Kalshi and Polymarket gained attention for diverging sharply from traditional polls, which suggested a much closer race. Talking […]
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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 […]
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On Thursday, Apple celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features like redeeming rewards and expanding installment loan options. In addition to Apple Pay’s newly added support for loan options from Affirm in the U.S., and Monzo Flex in the U.K., the iPhone maker shared […]
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Ahead of the debut of Apple’s private AI cloud next week, dubbed Private Cloud Compute, the technology giant says it will pay security researchers up to $1 million to find vulnerabilities that can compromise the security of its private AI cloud. In a post on Apple’s security blog, the company said it would pay up […]
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Apple on Wednesday announced an expanded series of tools that will allow businesses to increase their visibility on Apple’s platforms via its free service, Apple Business Connect. Launched last year, the online portal lets businesses manage their presence across Apple’s 1.5 billion devices in areas like Maps, Siri, Spotlight search, Safari, and Wallet. Now business […]
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