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.

Tech Industry Sues CFPB Over ‘Chilling’ Effect on Digital Wallets
Tech Industry Sues CFPB Over ‘Chilling’ Effect on Digital Wallets
January 20, 2025  |  Digital Payments

The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of...

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FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
January 20, 2025  |  Bank Regulation

The new administration is here, ushering in a phase of uncertainty surrounding banking regulations and the state of the regulatory agencies themselves. Get the Full...

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GrubMarket Settles SEC Charges That It Gave Investors Unreliable Financial Information
GrubMarket Settles SEC Charges That It Gave Investors Unreliable Financial Information
January 17, 2025  |  Regulation

GrubMarket, a private eCommerce food distributor, settled Securities and Exchange Commission charges that it violated antifraud provisions of the federal securities laws by providing investors...

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Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
January 17, 2025  |  Regulation

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders
OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders
January 14, 2025  |  Regulation

The Office of the Comptroller of the Currency (OCC) has completed the enforcement actions it pursued against 11 former Wells Fargo senior bank executives. Get the Full Story...

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UK Tribunal Halts Lawsuit Accusing Apple and Amazon of Reducing Competition
UK Tribunal Halts Lawsuit Accusing Apple and Amazon of Reducing Competition
January 14, 2025  |  Legal

The U.K.’s Competition Appeal Tribunal reportedly ruled that a lawsuit accusing Apple and Amazon of collusion cannot proceed. Get the Full Story Complete the form...

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CFPB Sues Capital One Over ‘Highest’ Rates Promotion
CFPB Sues Capital One Over ‘Highest’ Rates Promotion
January 14, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the...

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Binance to Face Class Action After US Supreme Court Declines to Hear Appeal
Binance to Face Class Action After US Supreme Court Declines to Hear Appeal
January 13, 2025  |  Legal

Cryptocurrency exchange Binance and founder Changpeng Zhao are reportedly set to face a class action by investors after a Monday (Jan. 13) decision by the...

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