regulation

EU proposed ecommerce rules would cost $14 billion a year to online retailers

March 31, 2011 - 1:50am | Law aspects | News

This week an ecommerce advocate made a forecast saying that proposed changes to European rules on product returns could cost online retailers 10 billion euros ($14 billion) a year which would prevent further growth and impose higher prices on consumers.

IMRG says that the cost of draft amendments to the European Union's (EU) Consumer Rights Directive, voted through last week, equated to 4 percent of the estimated value of Europe's e-commerce industry in 2012.

ecommerce | EU | IMRG | online retailer | regulation

-1 points

Over 30,000 new jobs in US will be created thanks to new gambling regulation

April 21, 2010 - 8:44am | Law aspects | News

According to The Safe and Secure Internet Gambling Initiative, a new study from market intelligence company H2 found that new projects regulating all forms of Internet gambling in the US would create up to 32,000 jobs over nearest five years.

The release of this study complies with legislation in Congress to regulate Internet gambling, which is led by House Committee Financial Services Chairman Barney Frank .

0 points

Financial Crisis Inquiry Commission starts its work today, what’s the use?

September 17, 2009 - 5:30am | Law aspects | News

This week on Thursday a U.S. financial crisis investigation panel will hold its first meeting as a part of Obama administration’s strategy to impose tougher control on the financial system. The Financial Crisis Inquiry Commission is responsible for finding the key factors that last year led world banks and capital markets to the brink of collapse.

-1 points

What caused the U.S. crisis: deregulation or overregulation?

April 28, 2009 - 3:26am | Analytics | News

On Monday at the 2009 Milken Institute Global Conference on Monday the CEO of Bank of New York Mellon Corp Robert Kelly noted that American companies are controlled today by too many regulators which could undermine the U.S. recovery. He said that the country needs a lot fewer regulators in fact.

-1 points

Electronic money regulations to be mitigated in Europe

March 27, 2009 - 3:32am | Law aspects | News

New regulations were proposed by the European Commission to govern the activity of electronic money institutions across Europe. Under the draft bill mobile operators and other 'hybrid' institutions will be able to get e-money licenses. The compromise text for a new Directive has been agreed by the Committee of Permanent Representatives (COREPER) under the aegis of the Czech Presidency.

1 point

Interchange fees on direct debit in Europe to be eliminated by 2012

March 25, 2009 - 9:48am | Banks and internet banks | News

The EU antitrust has ruled that Europe's banks should abandon interchange fees on direct debit transactions by 2012. The European Commission and European Central Bank has provided a joint statement as clarification on the ruling, with the aim of encouraging the European Payments Council (EPC) to launch the Sepa direct debit (SDD) scheme on 1 November 2009.

-1 points

AIG like companies will no longer be left unregulated

March 25, 2009 - 4:00am | Law aspects | News

On Tuesday testifying before the Congress Obama’s administration proposed the lawmakers to create relevant regulation allowing the government to control non-bank financial institutions like AIG to evade the need in future bailouts not to speak of systemic risks, reports Reuters. U.S. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke called upon Congress to provide corresponding legislation to take over big non-bank financial firms that run amok. President Barack Obama took the case public during a televised news conference.

0 points

Mortgage-lending to be subject to more aggressive regulation by the FTC

March 20, 2009 - 9:28am | Law aspects | News

According to Bloomberg’s reports the U.S. Federal Trade Commission (FTC) made a statement that it is going to implement new authority to bar lending practices by mortgage brokers who have deceived borrowers.

In March Congress passed a $410 billion spending package which authorizes the FTC to prohibit such abusive practices as deceptive advertising and servicing procedures, FTC Chairman Jon Leibowitz told the news agency in an interview.

0 points

European Parliament resolution on Internet gambling, is it good or bad?

March 19, 2009 - 10:26am | Law aspects | News

The decision by the European Parliament (EP) not to develop standardized rules for regulating online casinos has been welcomed by the European Casino Association, representing land casinos, and caused regret of the Remote Gaming Association (RGA), representing online gambling sites, says onlinecasinoadvisory.com.

casino | EU | online gambling | regulation | Remote Gaming Association

0 points

How financial system should be overhauled? Henry Paulson

March 19, 2009 - 10:07am | News | Other themes

In Tuesday article of the Financial Times former U.S. Treasury Secretary Henry Paulson stressed the urgency of altering the existent financial regulation reiterating his previous plan he proposed last March. The article with the speech of ex secretary comes just in time when his successor Timothy Geithner is expected to reveal a plan to set up a so-called systemic risk regulator to monitor and manage risk in the financial sector.

0 points

European Commission has no intention to regulate online gambling

March 11, 2009 - 10:33am | Law aspects | News

The Register reports that the European Parliament declined participation in community-wide regulation of online gambling noting that such kind of issues should be settled by each European country on an individual level. While admitting that online gambling: "is easier to access than traditional gambling, increases the risk of fraud, crime, gambling addiction, dangers to children and threats to the integrity of sports events," the Parliament said that business regulation is the responsibility of the national governments.

0 points

Utah willing to support Internet Gambling Regulations

March 3, 2009 - 4:32am | News | Other themes

The Utah state intends to join forces with Representative Barney Frank to regulate the Internet gambling industry to protect people against the dangers of unregulated gambling on the Internet.

Today any type of regulation that would help filter out the scams that are taking place on the Internet is prohibited by the Unlawful Internet Gambling Enforcement Act.

Internet gambling | regulation | Unlawful Internet Gambling Enforcement Act | Utah

0 points

Hedge funds prefer to declassify their business than regulation

February 25, 2009 - 4:58am | Investment industry | News

As a response to the EU decision to regulate hedge funds market the Alternative investment Management Association (AIMA) made a statement that it will unveil the secrecy of hedge funds. The trade body whose members manage over 75% of hedge fund assets across 43 countries proposed that hedge funds would disclose all significant trading positions to global regulators, including short positions.

-1 points

Did not find what you want? Try to search all ecommerce sites!

Custom Search