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.

Rejected: Judge Nixes $30 Billion Swipe Fee Settlement
Rejected: Judge Nixes $30 Billion Swipe Fee Settlement
June 25, 2024  |  Legal

Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. And...

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Synapse Trustee McWilliams Details New Challenges in Latest Status Report
Synapse Trustee McWilliams Details New Challenges in Latest Status Report
June 24, 2024  |  Legal

It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in...

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FTC Lawsuits Resulted in $324 Million in Refunds in 2023
FTC Lawsuits Resulted in $324 Million in Refunds in 2023
June 21, 2024  |  Disbursements

Federal Trade Commission (FTC) lawsuits resulted in over $324 million in refunds to consumers in 2023. That total includes money returned to consumers as a...

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Report: Apple Aims to Settle EU Investigation Involving Contactless Payments
Report: Apple Aims to Settle EU Investigation Involving Contactless Payments
June 18, 2024  |  Apple

Apple has reportedly made concessions to end a European Union (EU) antitrust investigation into its mobile payments system. The tech giant will give its rivals more access...

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‘Aggrieved’ FTX Customers Seek $8 Billion in Forfeited Assets
‘Aggrieved’ FTX Customers Seek $8 Billion in Forfeited Assets
June 18, 2024  |  Cryptocurrency

A group of FTX customers say $8 billion of the company’s forfeited assets are rightfully theirs. As Coindesk reported Tuesday (June 17), these customers are seeking a...

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Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
June 17, 2024  |  Legal

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. The ongoing mess at the banking-as-a-service (BaaS) platform has affected...

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Google Antitrust Trial to Proceed After Judge Denies Motion to Dismiss
Google Antitrust Trial to Proceed After Judge Denies Motion to Dismiss
June 14, 2024  |  Google

A judge denied Google’s motion to end U.S. antitrust regulators’ case focusing on its digital advertising. In a Friday (June 14) hearing, U.S. District Judge Leonie...

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Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024  |  Legal

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. A federal judge...

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UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
June 13, 2024  |  Legal

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis,...

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