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.

Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation

Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
December 10, 2024  |  Legal & Regulation

A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were...

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FTC Gets Court Order to Shutter Superior Servicing in Student Debt Relief Case
FTC Gets Court Order to Shutter Superior Servicing in Student Debt Relief Case
December 09, 2024  |  Legal & Regulation

The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of...

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TikTok Wants Incoming Trump Admin to Review U.S. Ban
TikTok Wants Incoming Trump Admin to Review U.S. Ban
December 09, 2024  |  Legal & Regulation

TikTok wants to put on hold a law that could ban it in the U.S. The company wants the U.S. Supreme Court to review the...

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Appeals Court Rules TikTok Ban Doesn’t Violate First Amendment
Appeals Court Rules TikTok Ban Doesn’t Violate First Amendment
December 06, 2024  |  Legal & Regulation

A federal appeals court ruled Friday (Dec. 6) that the U.S. law requiring Chinese company ByteDance to sell its TikTok app or see the app banned in...

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Fed Oversight Council Argues for More Control Over FinTech
Fed Oversight Council Argues for More Control Over FinTech
December 06, 2024  |  News

The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they...

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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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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  |  Payment Methods

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  |  Legal & Regulation

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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