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.

Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
December 03, 2024  |  Mastercard

Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. The company and Walter Merricks announced...

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New CFPB Proposed Rule Would Restrict Data Brokers’ Reach
New CFPB Proposed Rule Would Restrict Data Brokers’ Reach
December 03, 2024  |  CFPB

As the year draws to a close, the end of 2024 has been marked by a flurry of rule-making by the Consumer Financial Protection Bureau...

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House Committee Leaders Want Study of AI’s Impact on Financial Services
House Committee Leaders Want Study of AI’s Impact on Financial Services
December 02, 2024  |  artificial intelligence

The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and...

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Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
December 02, 2024  |  Bank Regulation

The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. And...

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Google Asks Court to Throw Out Ruling in Antitrust Case
Google Asks Court to Throw Out Ruling in Antitrust Case
November 27, 2024  |  ANTITRUST

Google reportedly said in a Wednesday (Nov. 27) court filing that a judge’s ruling in an antitrust case brought by Epic Games should be thrown...

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New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
November 27, 2024  |  Legal

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were...

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Judge Sets Trial Date for FTC Antitrust Lawsuit Against Meta
Judge Sets Trial Date for FTC Antitrust Lawsuit Against Meta
November 25, 2024  |  Meta

A Federal Trade Commission (FTC) lawsuit that aims to unwind Meta’s acquisitions of Instagram and WhatsApp is set to go to trial on April 14. Judge James Boasburg announced...

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Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
November 24, 2024  |  Legal

Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal...

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Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions
Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions
November 22, 2024  |  Subscription Commerce

A New York state judge ruled Thursday (Nov. 21) that SiriusXM must change its subscription cancellation policies and pay unspecified damages. Justice Lyle Frank found that...

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