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 Sues PHEAA, Alleging Illegal Collections on Student Loans

CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers...

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Mastercard and Visa Pay $197 Million to Settle ATM Suit
Mastercard and Visa Pay $197 Million to Settle ATM Suit
May 30, 2024  |  Legal & Regulation

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees. Get the Full Story Complete the form to...

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Wells Fargo CEO: Regulators Restricting Corporate Lending Business
Wells Fargo CEO: Regulators Restricting Corporate Lending Business
May 29, 2024  |  Banking

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the...

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CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
May 29, 2024  |  CBDC

The technology for central bank digital currencies (CBDCs) already exists. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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CFPB Late Fee Lawsuit Moved Back to DC Court
CFPB Late Fee Lawsuit Moved Back to DC Court
May 29, 2024  |  Legal & Regulation

This round of jurisdictional ping pong goes to the CFPB. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Ex-FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison After September Guilty Plea
Ex-FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison After September Guilty Plea
May 28, 2024  |  Cryptocurrency

The former CEO of FTX’s Bahamas subsidiary was sentenced Tuesday (May 28) to a prison term longer than the prosecutors had asked for. Get the...

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Live Nation Faces Consumer Antitrust Lawsuit, Day After DOJ Suit
Live Nation Faces Consumer Antitrust Lawsuit, Day After DOJ Suit
May 24, 2024  |  Legal & Regulation

Live Nation and its Ticketmaster business are reportedly facing a consumer antitrust lawsuit that comes on the heels of a suit filed by the Justice Department. Get the Full Story...

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AI Regulations Take Shape Worldwide
AI Regulations Take Shape Worldwide
May 22, 2024  |  Artificial Intelligence

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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