Legal

Legal
Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
December 20, 2024

OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network. Get the...

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Supreme Court to Hear TikTok’s Appeal Jan. 10
December 18, 2024

The U.S. Supreme Court reportedly said Wednesday (Dec. 18) that it will hear TikTok’s appeal of a law that would see the app banned in the United States if it is not sold by its Chinese parent company, ByteDance. Get the Full Story Complete the...

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FDIC Authorizes Potential Legal Action Against Former SVB Executives
December 18, 2024

The Federal Deposit Insurance Corporation (FDIC) board of directors reportedly votedunanimously to authorize potential legal action against six former officers and 11 former directors of Silicon Valley Bank (SVB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Albertsons Takes Kroger to Court After Grocery Merger Collapses
December 11, 2024

Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

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FTC Begins Sending Refunds to Victims of Debt Collection Scheme
December 10, 2024

The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

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Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
December 10, 2024

A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were mis-sold interest rate hedges between 2001 and 2011. Get the Full Story Complete the form to unlock this article and...

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FTC Gets Court Order to Shutter Superior Servicing in Student Debt Relief Case
December 09, 2024

The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education. Get the...

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TikTok Wants Incoming Trump Admin to Review U.S. Ban
December 09, 2024

TikTok wants to put on hold a law that could ban it in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...