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.

Meta Protests FTC Plan to Update Privacy Settlement

Meta Protests FTC Plan to Update Privacy Settlement
Meta Protests FTC Plan to Update Privacy Settlement
November 12, 2024  |  Facebook / Meta

Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC)...

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FTX Star Witness Caroline Ellison Begins 2-Year Prison Sentence
FTX Star Witness Caroline Ellison Begins 2-Year Prison Sentence
November 07, 2024  |  Legal & Regulation

Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a...

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What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
November 06, 2024  |  Legal & Regulation

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the...

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Penalties Loom Large for Unclaimed Property Reporting Missteps
Penalties Loom Large for Unclaimed Property Reporting Missteps
November 06, 2024  |  Legal & Regulation

Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states...

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Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
October 29, 2024  |  Legal & Regulation

Over the summer, a curious fad went viral on TikTok, involving Chase Bank. People were writing fake checks and depositing them into the bank’s ATMs,...

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BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
October 29, 2024  |  Legal & Regulation

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions...

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Delta Sues CrowdStrike Over ‘Catastrophic’ IT Outage
Delta Sues CrowdStrike Over ‘Catastrophic’ IT Outage
October 27, 2024  |  Cybersecurity

Delta Air Lines has made good on its promise to sue cybersecurity firm CrowdStrike. The lawsuit, as reported Friday (Oct. 25) evening by The Wall...

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