legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

CFPB: BoA Must Pay $10M for Illegal Garnishments

CFPB: BoA Must Pay $10M for Illegal Garnishments
CFPB: BoA Must Pay $10M for Illegal Garnishments
May 04, 2022  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against...

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SEC Probes Didi’s US IPO
SEC Probes Didi’s US IPO
May 03, 2022  |  IPO

The U.S. Securities and Exchange Commission (SEC) will be examining the public offering from Didi in the U.S., Bloomberg writes. Get the Full Story Complete...

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CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
CFPB Report Details Failure of Credit Reporting Companies to Probe Disputes
May 02, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report Monday (May 2), showing the high amount of wrongful auto repossessions by servicers. Get...

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BJ’s Asks Judge to Dismiss Walmart Patent Suit Over Sam’s Club’s Scan & Go App
BJ’s Asks Judge to Dismiss Walmart Patent Suit Over Sam’s Club’s Scan & Go App
May 01, 2022  |  Legal & Regulation

BJ’s Wholesale has called for a federal judge to throw out a patent lawsuit that Walmart filed against it last month, CNBC wrote Friday (April...

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Deutsche Bank Headquarters Raided by German Authorities in Money Laundering Probe
Deutsche Bank Headquarters Raided by German Authorities in Money Laundering Probe
May 01, 2022  |  Legal & Regulation

Deutsche Bank had its Frankfurt headquarters raided by Germany’s federal police office, criminal prosecutors and financial watchdog BaFin on Friday (April 29), the Financial Times...

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Crypto’s Furtive Past on Display With Guilty Plea in $750M Shadow Banking Case
Crypto’s Furtive Past on Display With Guilty Plea in $750M Shadow Banking Case
April 27, 2022  |  Cryptocurrency

An alleged shadow banker for cryptocurrency exchanges is facing up to 90 years in jail after pleading guilty to bank fraud, bank fraud conspiracy and...

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Federal Jury Convicts Man for Defrauding American Express of $4.7M
Federal Jury Convicts Man for Defrauding American Express of $4.7M
April 27, 2022  |  Legal & Regulation

A California man has been convicted by a federal jury for reportedly defrauding American Express for over $4.7 million and money laundering, according to a...

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Fintiv Sues PayPal, Apple Pay, Alleging Patent Infringement
Fintiv Sues PayPal, Apple Pay, Alleging Patent Infringement
April 27, 2022  |  Legal & Regulation

Mobile payments and commerce platform Fintiv has slapped PayPal and Apple Pay with a lawsuit on allegations of patent infringement, according to Asia Financial and...

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