[ad_1]
Here is the latest news from the tech industry, which is receiving increasing attention from regulators around the world.
34 states present a $ 113 million deal against Apple over alleged iPhone “ throttling ”
The attorneys general of 34 states and the district attorneys more counties have presented an agreement of 113 million dollars Apple on the alleged “throttling” of the iPhone, where the technological society would slow older phones to encourage exchanges, according to an announcement.
The deal resolves allegations that Apple provided “misrepresentations” regarding iPhone batteries and the software allegedly used that slowed processing performance to handle “low” battery power in older phones. Critics say Apple has installed the software to slow down the phones and prompt consumers to buy new ones, but the company claims it only did this to protect the phones from damage from dead batteries.
In any case, California Attorney General Xavier Becerra said in the announcement of the transaction that Apple “hid information about the batteries that slowed the performance of the iPhone, passing it off as an update. This type of behavior hurts consumers’ pockets and limits their ability to make informed purchases. Today’s agreement ensures that consumers have access to the information they need to make a well-informed decision when they buy and use Apple products. “
California will receive $ 24.6 million from the overall settlement, which also comes with “injunctive terms” that will offer transparency to buyers and discourage “misrepresentation regarding Apple’s battery capacity,” according to the announcement.
EU auditor: the European Commission needs a “scale-up” regulation
According to a press release, the European Court of Auditors (ECA) found that the European Commission has not fully addressed the intricate new enforcement challenges in digital markets, the boundaries of current enforcement mechanisms, and the growing amount of data to scrutinize.
In addition, the auditors determined that the Commission has limited capacity to monitor the markets, examine the veracity of merger data and proactively detect antitrust violations.
“Over the past decade, the Commission has effectively used its powers in merger control and antitrust proceedings,” said Alex Brenninkmeijer, Member of the European Court of Auditors. “But now it needs to increase market oversight to suit a more global and digital world.”
Facebook could meet dress from FTC, United States
Facebook could face a lawsuit as the Federal Trade Commission and many state attorneys general reportedly complete a single case, or multiple cases, against the social media company.
An unnamed source said in a Reuters report that Commission staff suggested that the commissioners sue the social media company in a federal court in order to allow a group of states – led by New York – to join the case.
“We do not comment on the details of an ongoing investigation, but as we said earlier, we will continue to use every investigative tool at our disposal to determine if Facebook’s actions have stifled competition, reduced choices or put user data at risk. , “New York Attorney General Letitia James said in a statement, according to Reuters.
New digital regulations could allow the EU to ban tech companies
The guard dogs could receive European Union new powers to ban web companies that violate anti-competition rules, said a prominent European official to a German newspaper.
Potential new rules to regulate large internet companies in the region of more than two dozen nations will be unveiled to the public in early December.
European Commissioner for Internal Market Thierry Breton, one of two officials scheduled to present the potential new rules, told Welt am Sonntag it is time to empower watchdogs to do more than publicly call big companies. of the Internet, according to Reuters.
“Strict rules must be enforced,” Breton said. “For this, we need the appropriate arsenal of possible measures: impose fines, exclude companies or parts of their services from the single market, insist that they split if they want to maintain access to the single market. Or a combination of all of these things. “
——————————
NEW PYMNTS STUDY: ACCELERATE THE CURVE OF APPLICATION FOR PAYMENT IN REAL TIME – November 2020
Of: Accelerating the demand curve for real-time payments: what banks need to know about what consumers want and need, PYMNTS examines consumers’ understanding of real-time payments and the methods they use for different types of payments . The report explores the consumer interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.
[ad_2]Source link
