Connect with us

Hi, what are you looking for?

Tech News

UK law will let regulators fine Big Tech without court approval

Illustration by Cath Virginia / The Verge | Photo by Getty Images

The UK could subject big tech companies to hefty fines if they don’t comply with new rules meant to promote competition in digital markets. On Thursday, lawmakers passed the Digital Markets, Competition and Consumer Bill (DMCC) through Parliament, which will let regulators enforce rules without the help of the courts.

The DMCC also addresses consumer protection issues by banning fake reviews, forcing companies to be more transparent about their subscription contracts, regulating secondary ticket sales, and getting rid of hidden fees. It will also force certain companies to report mergers to the UK’s Competition and Markets Authority (CMA).

The European Union enacted a similar law, called the Digital Markets Act (DMA).

Only the companies…

Continue reading…

You May Also Like

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Politics

When word first broke that Joe Biden would be sitting down with Howard Stern for a live interview Friday on his SiriusXM show, it...

Editor's Pick

Paul Best Merry Oaks Baptist Church in Chatham County, North Carolina, near the site of a new VinFast factory. North Carolina officials announced a long sought‐​after...

Tech News

It’s not the Vita comeback we were hoping for, but the Sony’s portable remote player is still a handy companion. | Photo by Antonio...

Generated by Feedzy