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.
Epic Games: Apple Not Complying With Outside Payment Rules
Epic Games: Apple Not Complying With Outside Payment Rules
January 31, 2024  |  Legal

Apple said earlier this month it would open its App Store to permit outside payment options. However, Epic Games — which has been battling the iPhone maker in...

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Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024  |  CFPB

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to...

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New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024  |  Legal

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor...

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Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
January 26, 2024  |  Investments

Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. This investment will enable the legal technology company to...

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AffiniPay Adds Generative AI to Legal Tech Products
AffiniPay Adds Generative AI to Legal Tech Products
January 24, 2024  |  artificial intelligence

Online payments firm AffiniPay has embedded generative artificial intelligence (AI) into its legal technology offerings. “At AffiniPay, we believe generative AI can drive the type of efficiencies and insights...

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Cornell University Finds Few Companies Disclosing AI Influence on Hiring
Cornell University Finds Few Companies Disclosing AI Influence on Hiring
January 22, 2024  |  artificial intelligence

Six months after the implementation of New York’s City’s artificial intelligence (AI) hiring law, only 18 out of 391 employers analyzed by researchers at Cornell...

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Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
January 19, 2024  |  Legal

A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX.  The court agreed with a government watchdog’s argument that appointing...

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Binance to Seek Dismissal of SEC Lawsuit
Binance to Seek Dismissal of SEC Lawsuit
January 19, 2024  |  Cryptocurrency

Cryptocurrency exchange Binance is scheduled to go head-to-head with the Securities and Exchange Commission (SEC) on Monday (Jan. 22).  Binance had previously sought the dismissal of the SEC’s lawsuit...

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CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
January 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an...

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