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.

Cannabis Businesses Find Themselves Cut Off From Banking System
Cannabis Businesses Find Themselves Cut Off From Banking System
April 02, 2024  |  Payment Methods

More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with...

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FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
April 01, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) said Monday (April 1) that it now has stronger tools to combat scammers who impersonate government agencies and businesses. A new rule...

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Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
April 01, 2024  |  Legal

PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District...

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SBF May Be 57 When He Finishes Serving Time
SBF May Be 57 When He Finishes Serving Time
March 28, 2024  |  Legal

When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s...

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Judge Rules SEC Lawsuit Against Coinbase Can Go to Trial
Judge Rules SEC Lawsuit Against Coinbase Can Go to Trial
March 27, 2024  |  Legal

A judge ruled Wednesday (March 27) that the Securities and Exchange Commission’s lawsuit against Coinbase can go before a jury trial. The decision came after Coinbase asked the...

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FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
March 27, 2024  |  Cryptocurrency

Earlier this year, bankrupt cryptocurrency firm FTX called off plans to resurrect its exchange. And that was a missed opportunity, some of the company’s creditors told The Wall Street...

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Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
March 26, 2024  |  Legal

The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact...

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US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S....

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Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
March 26, 2024  |  Credit Cards

Mastercard and Visa have reached a class action settlement with U.S. merchants, in a deal that aims to end 20 years of antitrust litigation around...

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