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☆ 'Embarrassed' Olympic gold medal swimmer Klete Keller avoids prison in January 6 Capitol riot sentencing
  + stars: | 2023-12-02 | by ( Rebecca Rommen | ) www.businessinsider.com   time to read: +3 min
Olympic swimmer Klete Keller avoided prison for his role in the Capitol riot on January 6, 2021. The gold medal winner stormed the Capitol and shouted profanities about Nancy Pelosi and Chuck Schumer. Prosecutors asked for a prison term, but he was sentenced to probation and home detention instead. AdvertisementKlete Keller, an Olympic swimmer and gold medallist, was spared jail during his sentencing for his involvement in the 2021 Capitol attack. Video footage taken during the attack shows Keller inside the Capitol shouting obscenities about Nancy Pelosi and Chuck Schumer.
Persons: Klete Keller, profanities, Nancy Pelosi, Chuck Schumer, —, Keller, Donald Trump, Joe Biden's, Klete Derik Keller, Richard Leon Organizations: Capitol, Prosecutors, Service, BBC, NBC, US, ABC
☆ U.S. court revives CFPB prepaid rule on fees, in defeat for PayPal
  + stars: | 2023-02-03 | by ( Jonathan Stempel | Industry Insight | Upcoming Sec Climate Disclosure Rules Bring Urgency To Esg Data Strategy Planning | ) www.reuters.com   time to read: +3 min
Kannon Shanmugam of Paul, Weiss, Rifkind, Wharton & Garrison represented PayPal, while CFPB senior counsel Christopher Deal represented the regulator. The CFPB created its Prepaid Rule to offer consumers legal protections on prepaid accounts similar to those on products such as checking accounts, including the ability to challenge payment errors, unauthorized transactions and fraud. Chief Judge Sri Srinivasan and Circuit Judge Cornelia Pillard joined Rao's decision. The appeals court returned the case to Leon to consider PayPal's other challenges to the Prepaid Rule, including constitutional and administrative law claims. Circuit Court of Appeals, No.
☆ The Microsoft-Activision deal gives Lina Khan a $69 billion problem in 2023. Defeating it will set the tone on Big Tech deals for years to come.
  + stars: | 2023-01-05 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
The FTC has a $69 billion headache to deal with in 2023 in the form of Microsoft's Activision buyout. Chair Lina Khan wants to rein in Big Tech but will be tested by one a Silicon Valley veteran. The outcome of the deal will have ramifications beyond Microsoft: the rest of Silicon Valley lies in wait before making their next big moves, as any decision will set the tone for Big Tech deals in years to come. That said, Microsoft's acquisition of Activision will prove even tougher to tackle than anything Amazon has thrown up for the FTC chief to date. Failure will likely embolden Big Tech to test the waters further.
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