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.

US Supreme Court Sides With Social Media Firms, Blocks Texas Law
US Supreme Court Sides With Social Media Firms, Blocks Texas Law
June 01, 2022  |  Legal

Social media firms like Facebook or Twitter have obtained an important court victory after the U.S. Supreme Court issued a ruling suspending a Texas law...

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Robinhood Close to Resolving 2020 Outage Lawsuit
Robinhood Close to Resolving 2020 Outage Lawsuit
May 27, 2022  |  Legal

Attorneys for the online trading platform Robinhood Markets say they’ve come to an agreement in principle that resolves a lawsuit by investors who say they...

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CFPB: Credit Denials Must Have Specific, Accurate Explanations
CFPB: Credit Denials Must Have Specific, Accurate Explanations
May 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) wants to remind consumers that federal law requires companies to explain specific reasons for denying credit applications, even when...

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EU’s Open Finance May Include Big Tech Ban
EU’s Open Finance May Include Big Tech Ban
May 25, 2022  |  Regulation

The European Commission launched three consultations on May 10, two related to the review of the second payment service directive (PSD2) and one about open...

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Light Sentence Puts Damper on U.S.’s Offshore AML Efforts
Light Sentence Puts Damper on U.S.’s Offshore AML Efforts
May 23, 2022  |  AML

U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws...

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FTC to Issue $152M in Checks to Additional Victims of AMG Services
FTC to Issue $152M in Checks to Additional Victims of AMG Services
May 19, 2022  |  Security & Fraud

The Federal Trade Commission announced Thursday (May 19) that it will mail 690,000 checks, amounting to over $152 million, to customers who were defrauded by...

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Bill Could Force Google to Break up Ad Business
Bill Could Force Google to Break up Ad Business
May 19, 2022  |  Google

Google could be forced to break up its ad business if a bill introduced Thursday (May 19) by Sen. Mike Lee, R-Utah, becomes law. As...

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DOJ To Increase Antitrust Scrutiny Over Buyout Deals
DOJ To Increase Antitrust Scrutiny Over Buyout Deals
May 19, 2022  |  ANTITRUST

Jonathan Kanter, head of the Department of Justice (DOJ) Antitrust Division, has warned buyout firms that they may be subject to tougher regulatory review if...

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A DC Court Could Limit CFPB’s Rulemaking Authority
A DC Court Could Limit CFPB’s Rulemaking Authority
May 17, 2022  |  CFPB

During the last months, the Consumer Financial Protection Bureau (CFPB) has introduced changes in its procedural rules to be able to tackle its ambitious agenda...

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