Legal

Legal
LendingClub Gets Sued By The FTC; Stock Hits Record Low
April 25, 2018

LendingClub, the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday (April 25) after it faced allegations by regulators in the U.S. that it was adding on hidden fees and charging borrowers even after...

Legal
Supreme Court Rules Arab Bank Cannot Be Sued For Financial Involvement In Terrorist Attacks
April 25, 2018

The Supreme Court has ruled that lawsuits filed by victims of terrorist attacks and their families against Arab Bank cannot proceed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal
Wells Fargo Settles With Ecuadorian Bank Over 2015 Cyber Heist Case
April 17, 2018

Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on a planned suit by Bangladesh’s central bank. Get the Full Story Complete the form to unlock this article and enjoy...

Legal
JPMorgan Hit With Lawsuit Over Crypto Transaction Fees
April 12, 2018

JPMorgan Chase is being sued in Manhattan federal court for allegedly charging surprise fees when it stopped allowing its customers to buy cryptocurrency with credit cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal
Massachusetts Can Proceed With Lawsuit Against Equifax
April 05, 2018

A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. 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...

Legal
Wells Fargo Predatory Lending Lawsuit Allowed to Proceed
March 28, 2018

A federal judge has ruled that a lawsuit against Wells Fargo & Co. can proceed. 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
France Is Suing Google, Apple Over Their Dealings With Startups, Developers
March 15, 2018

Google and Apple are facing a lawsuit from France, which is seeking fines of $2.5 million for what the country says are “abusive” contract terms when dealing with startups and developers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal
Judge Allows Much Of Yahoo Breach Suit To Go Forward
March 12, 2018

A U.S. district court in San Jose, California, ruled late last week that most of a lawsuit concerning Yahoo’s data breach, which exposed 3 billion users’ personal data, can proceed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal
Venmo Settles Privacy Violations
February 28, 2018

The Federal Trade Commission (FTC) announced that it has reached a settlement with PayPal over the handling of privacy disclosures and money withdrawals in its peer-to-peer payments app Venmo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...