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.

SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023  |  Legal

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...

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A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
August 15, 2023  |  Legal

Facing consequences is something relatively new for alleged cryptocurrency criminal Sam Bankman-Fried. But the FTX co-founder is currently caught up in a legal battle that could...

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Binance Seeks Court Protection From ‘Burdensome’ SEC Requests
Binance Seeks Court Protection From ‘Burdensome’ SEC Requests
August 15, 2023  |  Cryptocurrency

Binance is asking for court protection against regulatory requests it has deemed too broad. The crypto exchange, locked in a legal battle with the U.S. Securities and...

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Experian Consumer Services Faces $650,000 Fine for Spam Emails
Experian Consumer Services Faces $650,000 Fine for Spam Emails
August 14, 2023  |  Regulation

The Federal Trade Commission (FTC) is hitting Experian Consumer Services (ECS) with a $650,000 fine over charges that it sent its customers unsolicited emails without...

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Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
August 11, 2023  |  Legal

FTX founder Sam Bankman-Fried was ordered to jail Friday (Aug. 11) after a federal judge revoked his bail. Since his arrest on fraud charges in December, Bankman-Fried had been under...

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Orange May Be the New Black for FTX’s Sam Bankman-Fried
Orange May Be the New Black for FTX’s Sam Bankman-Fried
August 11, 2023  |  Legal

Sam Bankman-Fried’s fraudulent cryptocurrency empire fell apart last November. So too did the hopes and financial goals of the more than 1 million customers who...

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Report: FTC to Meet with Amazon Ahead of Lawsuit
Report: FTC to Meet with Amazon Ahead of Lawsuit
August 07, 2023  |  Legal

Amazon could face the toughest challenge in its 30-year history as Federal Trade Commission (FTC) officials prepare to file an antitrust lawsuit against the retail giant. Representatives...

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Revolut Self-Shutters US Crypto Business as Coinbase Moves to Dismiss SEC Suit 
Revolut Self-Shutters US Crypto Business as Coinbase Moves to Dismiss SEC Suit 
August 07, 2023  |  Cryptocurrency

It has been a truly humbling past 12 months for the crypto sector. The alternative value-transfer vehicle, which was supposed to revolutionize the traditional financial...

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CFPB Files Lawsuit Against Auto Loan-Servicer USASF Servicing
CFPB Files Lawsuit Against Auto Loan-Servicer USASF Servicing
August 02, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against auto-loan servicer USASF Servicing. USASF is accused of illegally disabling borrowers’ vehicles, improperly repossessing...

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