Legal

Legal
FTC Requires LendingClub To Clearly List Loan Fees
July 15, 2021

LendingClub, the online lender, has agreed to pay $18 million in order to settle charges of reportedly deceiving customers, the Federal Trade Commission (FTC) reported Thursday (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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SEC Charges Space Exploration Company Momentus For Misleading Investors
July 14, 2021

The Securities and Exchange Commission (SEC) has charged Momentus, an early-stage space exploration company, and other affiliated parties with misleading claims to investors ahead of a forthcoming special purpose acquisition company (SPAC) merger, according to a press release. Get the Full Story Complete the form...

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JPMorgan, Citi, Other Banks May Face Suit In UK For Alleged Exchange Rigging
July 12, 2021

Two courts in London are reviewing two different versions of a £1billion ($1.4 billion) class-action lawsuit alleging foreign exchange price manipulation by at least five large banks that cost customers big bucks, according to a Financial Times report. Get the Full Story Complete the form...

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Australia Green-Lights Epic Games Antitrust Lawsuit Against Apple
July 09, 2021

The antitrust lawsuit initiated by Epic Games against Apple was given the green light to move forward by the court in Australia in a ruling that overturned the original decision to put the case on hold, 9 to 5 Mac reported on Friday (July 9). Get the...

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Federal Judge Dismisses FTC Antitrust Complaint Against Facebook
June 28, 2021

A federal court on Monday (June 28) dismissed a Federal Trade Commission (FTC) antitrust complaint against Facebook, which could have forced the breakup of the social media giant from its Instagram and WhatsApp holdings. Get the Full Story Complete the form to unlock this article...

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Amazon Wins Grocery Voice Commerce Trial As Super-Connected Consumers Engage
June 23, 2021

Alexa, tell these guys that your grocery shopping features do not infringe any patents. 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, PYMNTS...

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EU Could Hit Amazon With $425 Million Fine For Privacy Violation
June 10, 2021

Amazon could be facing more than $425 million in penalties for violating the European Union’s privacy law, The Wall Street Journal reported on Thursday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Massachusetts Judge Lets State Case Against Robinhood Proceed
May 27, 2021

State securities regulators in Massachusetts will be able to proceed with a case against Robinhood after a judge ruled the action could move forward, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Sony Could Face Class-Action Lawsuit Over PlayStation Game Exclusivity
May 06, 2021

A proposed class-action lawsuit brought by gamers alleges that Sony behaved in an anti-competitive manner by denying digital download codes of PlayStation games by third-party vendors like Amazon and Walmart, Bloomberg reported on Thursday (May 6). Get the Full Story Complete the form to unlock...