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.

Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices

Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal & Regulation

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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Meta Pledges to Remain in Europe
Meta Pledges to Remain in Europe
February 09, 2022  |  Facebook / Meta

Meta says it’s “absolutely not” leaving Europe over European Union-U.S. data transfers, refuting reports in the press, according to a company blog post published Tuesday...

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FTC Files Lawsuit Against Burgerim Franchise Over False Business Claims
FTC Files Lawsuit Against Burgerim Franchise Over False Business Claims
February 08, 2022  |  Legal & Regulation

The Federal Trade Commission (FTC) has filed a lawsuit against hamburger franchise Burgerim, saying it falsely represented itself to those who wanted to own a...

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Meta Files Lawsuit Over Financial Services Phishing Scam
Meta Files Lawsuit Over Financial Services Phishing Scam
February 08, 2022  |  Facebook / Meta

Meta has teamed with a financial services company to file a joint lawsuit against two Nigerian individuals for engaging in fraudulent activity, according to a...

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Two New Yorkers Arrested for Alleged Conspiracy to Launder $4.5B in Hacked Crypto
Two New Yorkers Arrested for Alleged Conspiracy to Launder $4.5B in Hacked Crypto
February 08, 2022  |  Cybersecurity

In what has been called the largest financial seizure in history, a New York couple was arrested in Manhattan for an alleged conspiracy to launder...

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SEC Probes Elon Musk’s Tesla Tweets as Possible Violations
SEC Probes Elon Musk’s Tesla Tweets as Possible Violations
February 07, 2022  |  Legal & Regulation

Tesla has received a subpoena from the Securities and Exchange Commission over a settlement that required CEO Elon Musk’s tweets to be vetted if they...

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PriceRunner Hauls Google to Swedish Court Seeking $2.4B in Damages
PriceRunner Hauls Google to Swedish Court Seeking $2.4B in Damages
February 07, 2022  |  ANTITRUST

Nordic price comparison firm PriceRunner is hauling Google to Sweden’s patent and market court seeking $2.4 billion in damages for violating antitrust laws by manipulating...

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Equifax Finalizes Breach Settlement, to Start Fulfilling Claims
Equifax Finalizes Breach Settlement, to Start Fulfilling Claims
February 06, 2022  |  Cybersecurity

Equifax has reached a settlement over its data breach, according to an update put out by the Federal Trade Commission (FTC). Get the Full Story...

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