Legal

Legal
UK Lawsuit Against Mastercard Gains Court Support
April 16, 2019

A consumer lawsuit against Mastercard in the U.K. got approval to move forward after a court reversed a ruling by the Competition Appeal Tribunal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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FTC Fines Avant $3.85M For Customer Deception
April 15, 2019

The Federal Trade Commission announced on Monday (April 15) a $3.85 million settlement with online lender Avant over a lawsuit alleging the firm lied to customers and used other illegal tactics. Specifically, the FTC said Avant “advertised that it would take payments by credit or debit...

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Law Enforcement Use Of Google Search Warrants Increasing
April 15, 2019

Law enforcement agencies around the country are increasingly going after search warrants to obtain information from Google, based on the location data of phones near crimes, The New York Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Cybercriminals Charged With Money Laundering, Wire Fraud
April 12, 2019

A federal jury has convicted two Romanian cybercriminals of infecting computers with malware in order to steal credit card and other information that resulted in the loss of millions of dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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College Admissions Scandal Now Alleges Money Laundering
April 10, 2019

Federal prosecutors have hit actress Lori Loughlin, her husband, Mossimo Giannulli, and 14 other parents with additional charges related to the college admissions bribery case. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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MoviePass Rival Sinemia Faces Complaints, Lawsuit
April 08, 2019

Sinemia, a subscription service similar to MoviePass, has been struggling with customer complaints and a class-action lawsuit over the way it treats customers, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Lyft Threatens To Sue Over Alleged Short Selling
April 08, 2019

Lyft is threatening to sue Morgan Stanley over allegations it supported short selling for investors subject to lock-up agreements. 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...

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MoneyGram, Western Union Sued Over Downed Passenger Plane
April 05, 2019

Four financial institutions are being sued over suspected ties to terrorists who shot down Malaysia Airlines Flight MH17 in 2014, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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CA Lawmakers: Crypto Can Solve Cannabis Payments Problem
April 03, 2019

Legalized cannabis has a huge cash payments problem – as in, operators have too much, given federal restrictions in the U.S. that have largely prevented the use of cards and digital payments. That introduces friction and more risks of theft into this growing area of...