Legal

Legal
FTC: Federal Court Freezes Assets of USA Student Debt Relief
July 22, 2024

The Federal Trade Commission (FTC) said Monday (July 22) that a federal court halted the operations and froze the assets of the operators of USA Student Debt Relief (USASDR). The FTC asked the court to issue the order, alleging that the operators pretended to be affiliated with the...

Legal
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
July 19, 2024

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its...

Legal
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS v. Chevron — the reaction was split. On one hand, some politicians and legal experts...

Legal
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
July 15, 2024

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law firm Milberg Coleman Bryson Phillips Grossman would not be sanctioned at this time for submitting fake claims in an antitrust settlement with Visa and Mastercard. In his ruling, U.S. Magistrate Judge Joseph Marutollo said...

Legal
Two Former FTX Executives to Be Sentenced in October, November
July 09, 2024

Two former FTX executives who testified against the cryptocurrency exchange’s co-founder, Sam Bankman-Fried, now know when they will face sentencing hearings. Nishad Singh will be sentence on Oct. 30 and Gary Wang will be sentence on Nov. 20, with both having pleaded guilty to fraud,...

Legal
Court Ruling: PayPal Australia Unfair to Small Merchants
July 05, 2024

Australia’s federal court has ruled that a term in PayPal’s contract for local small businesses is unfair. The reason, the court ruled Friday (July 5) is because the contract terms allowed PayPal to retain fees it had erroneously charged if the small business failed to...

Legal
Apple OKs Epic Games’ European Store
July 05, 2024

Epic Games’ long-running legal battle against Apple has reportedly taken a new turn. The Fortnite maker says the tech giant is holding back its attempts to launch a games store for Apple users in Europe, Reuters reported Friday (July 5). Epic claims Apple has twice rejected documents the company submitted...

Legal
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. In an “urgent” supplement to her fourth status report, the former FDIC chair put the...

Legal
FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed...