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.

Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules

Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
January 06, 2025  |  Cybersecurity

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise,...

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CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025  |  CFPB

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence...

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Apple to Settle Siri Privacy Lawsuit for $95 Million
Apple to Settle Siri Privacy Lawsuit for $95 Million
January 02, 2025  |  Legal & Regulation

Apple reportedly agreed to pay $95 million to settle a privacy lawsuit centered on its voice assistant, Siri. Get the Full Story Complete the form...

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DOJ Sues FinTech Dave, Adds CEO as Defendant
DOJ Sues FinTech Dave, Adds CEO as Defendant
December 30, 2024  |  Legal & Regulation

The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ)....

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5 Banks Enter Into Stipulated Orders and Written Agreements With FDIC
5 Banks Enter Into Stipulated Orders and Written Agreements With FDIC
December 27, 2024  |  Bank Regulation

Five banks entered into stipulated orders and written agreements with the Federal Deposit Insurance Corporation (FDIC) in November. Get the Full Story Complete the form to...

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FTX Execs Caroline Ellison and Ryan Salame Get Prison Time Shortened
FTX Execs Caroline Ellison and Ryan Salame Get Prison Time Shortened
December 26, 2024  |  Cryptocurrency

Following the collapse of cryptocurrency exchange platform FTX amid fraud convictions, former executives Caroline Ellison and Ryan Salame have had their prison time shortened. Get...

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What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
December 26, 2024  |  Legal & Regulation

Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. Get the Full Story Complete...

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CFPB Sues Rocket Homes, Alleging Illegal Kickback Scheme
CFPB Sues Rocket Homes, Alleging Illegal Kickback Scheme
December 23, 2024  |  CFPB

Rocket Homes said Monday (Dec. 23) that it “will not rest” until it sees the dismissal of Consumer Financial Protection Bureau (CFPB) allegations that were announced...

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