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: Santander Must Pay $4.75 Million For Credit Reporting Violations

CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
December 23, 2020  |  CFPB

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the...

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Justice Department Charges 2 New York Pharmacy Owners In $30 Million COVID Fraud Case
Justice Department Charges 2 New York Pharmacy Owners In $30 Million COVID Fraud Case
December 23, 2020  |  Cybersecurity

Two owners of a dozen New York City-area pharmacies have been charged for their reported involvement in a $30 million health care fraud and money...

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Justice Department Sues Walmart Over Opioid Sales
Justice Department Sues Walmart Over Opioid Sales
December 22, 2020  |  Legal & Regulation

The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect...

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SEC Files Lawsuit Against Ripple Over Unregistered Securities
SEC Files Lawsuit Against Ripple Over Unregistered Securities
December 22, 2020  |  Legal & Regulation

The U.S. Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday...

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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. Get the Full...

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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  |  Cybersecurity

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 & Regulation

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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