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.

Fed To Credit Suisse: Improve Anti-Money Laundering Practices
Fed To Credit Suisse: Improve Anti-Money Laundering Practices
December 22, 2020  |  AML

The U.S. Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. operations, Reuters reported. According to an...

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Ripple CEO: SEC Lawsuit Would Cripple Cryptocurrency Industry
Ripple CEO: SEC Lawsuit Would Cripple Cryptocurrency Industry
December 22, 2020  |  Cryptocurrency

Ripple Labs Inc. said the Securities and Exchange Commission (SEC) is poised to file a lawsuit against the San Francisco-based cryptocurrency company over the alleged...

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UK Payments Firm Network International Draws Ire Over Hiring Law Firm For Wirecard Link
UK Payments Firm Network International Draws Ire Over Hiring Law Firm For Wirecard Link
December 21, 2020  |  Security & Fraud

London-listed Network International, a payments company, has been accused of keeping investors in the dark after hiring a legal firm over concerns about links to...

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Apple iOS, macOS Exec Ordered To Testify In Epic Suit
Apple iOS, macOS Exec Ordered To Testify In Epic Suit
December 18, 2020  |  Legal

Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit...

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States
Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States
December 17, 2020  |  Legal

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google, accusing the search giant of engaging in anti-competitive practices, the Associated Press...

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Congress Still Debating Over Size Of Individual Stimulus, Unemployment Checks
Congress Still Debating Over Size Of Individual Stimulus, Unemployment Checks
December 17, 2020  |  Economy

Lawmakers are still debating the size and scope of proposed individual payments and enhanced unemployment benefits in the estimated $908 billion economic stimulus package being...

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Robinhood To Pay $65 Million To Settle SEC Probe
Robinhood To Pay $65 Million To Settle SEC Probe
December 17, 2020  |  Legal

The investigation into Robinhood by the  U.S. Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay...

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Google Faces Lawsuit From Multiple States Over Digital Ad Tactics
Google Faces Lawsuit From Multiple States Over Digital Ad Tactics
December 16, 2020  |  ANTITRUST

A new lawsuit from multiple states alleges that Google used its digital advertising business to harm consumers, The Wall Street Journal (WSJ) reported. Texas Attorney...

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FTC Mandates Data Collection Methods From Amazon, Facebook, TikTok
FTC Mandates Data Collection Methods From Amazon, Facebook, TikTok
December 14, 2020  |  Data

The Federal Trade Commission (FTC) has mandated that nine social media companies and streaming services — including Amazon, Facebook, TikTok, Reddit, and more — turn...

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