Legal

Legal
SEC Charges Web3 Firm Consensys With Unregistered Sale of Securities
June 28, 2024

The Securities and Exchange Commission (SEC) sued Consensys Friday (June 28), charging the blockchain and Web3 software company with engaging in the unregistered offer and sale of securities and with operating as an unregistered broker. Get the Full Story Complete the form to unlock this article and...

Legal
Rejected: Judge Nixes $30 Billion Swipe Fee Settlement
June 25, 2024

Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal
Synapse Trustee McWilliams Details New Challenges in Latest Status Report
June 24, 2024

It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in recovering and distributing customer funds. However, serious reconciliation challenges remain, according to the latest status report in the case. Get...

Legal
Report: Walmart and Capital One Settle Legal Battle
June 21, 2024

Walmart and Capital One have reportedly settled a lawsuit centering on their former credit card partnership. 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...

Legal
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
June 17, 2024

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. 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,...

Legal
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
June 13, 2024

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis, the founder and CEO of Greek FinTech company Viva Wallet. Get the Full Story Complete the form to unlock this...

Legal
SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
June 12, 2024

The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....