The Justice Department has reached a proposed settlement with LivCor as part of the department’s drive to halt what it alleged is a scheme among landlords to collaborate on setting rents. The U.S. and state co-plaintiffs filed a complaint against LivCor and five other landlords...
The reporter who uncovered fraud at blood-testing startup Theranos is reportedly among a group of six writers who sued six artificial intelligence (AI) companies on Monday (Dec. 22), alleging that they trained their AI systems on copyrighted works without permission. John Carreyrou, who is now...
Twenty-one states and the District of Columbia sued the Trump administration Monday (Dec. 22), aiming to stop what they said is illegal defunding of the Consumer Financial Protection Bureau (CFPB). In their complaint, the attorneys general allege that CFPB Acting Director Russell Vought is attempting to completely...
The Consumer Financial Protection Bureau (CFPB) said Monday (Dec. 22) that certain earned wage access (EWA) products are not credit and are not covered by Regulation Z of the Truth in Lending Act. The regulator said this in an advisory opinion that was filed with the Federal Register on Monday and is set...
The Supreme Court is weighing the legality of the White House’s wide-ranging tariffs. But if the justices decide against the Trump administration, a ruling requiring repayment of the duties would be a major challenge, the president’s top economic adviser said in an interview Sunday (Dec....
Visa and Mastercard will reportedly pay $167.5 million to settle a long-running ATM fee lawsuit. That’s according to a report Friday (Dec. 19) from Reuters, citing court documents in a case that had accused the payment giants of conspiring to artificially boost ATM access fees....
The CFPB has allocated $46 million to victims of Synapse Financial Technology’s collapse. The Consumer Financial Protection Bureau (CFPB) announced the payment from its Civil Penalty Nov. 28, though it came to light late last week in reports from Bloomberg Law and then FinTech Business...
Coinbase filed lawsuits in Connecticut, Michigan and Illinois, challenging each state’s efforts to control or block prediction markets. Paul Grewal, chief legal officer at Coinbase, said in a Thursday (Dec. 18) post on social platform X that the lawsuits will confirm that “prediction markets fall...
The United Kingdom’s Financial Conduct Authority (FCA) said rule changes that will take effect in March 2026 will allow banks and payment service providers to set their own limits for contactless payments. The change may make it easier for people to pay using contactless, as...