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.

FinCEN Announces $140M Fine Against USAA FSB for Violations of Bank Secrecy Act
FinCEN Announces $140M Fine Against USAA FSB for Violations of Bank Secrecy Act
March 17, 2022  |  Bank Regulation

The Financial Crimes Enforcement Network (FinCEN) has announced a $140 million civil money penalty against USAA Federal Savings Bank for “willful violations” of the Bank...

READ MORE >
Use in Ukraine Lends Some Luster to Crypto’s Dark Side in Senate Hearing
Use in Ukraine Lends Some Luster to Crypto’s Dark Side in Senate Hearing
March 17, 2022  |  Cryptocurrency

It probably isn’t a surprise that today’s (March 17) Senate Banking Committee hearing on the role of crypto in supporting illicit activities focused heavily on...

READ MORE >
US House Reps Look Into Early Release of Russian Hacker
US House Reps Look Into Early Release of Russian Hacker
March 17, 2022  |  Legal

Some lawmakers are questioning how cybercriminal Aleksei Burkov, who has operated two of the most exclusive Russian underground hacking forums, was released early, KrebsOnSecurity reported...

READ MORE >
France’s OVHcloud Files Antitrust Complaint Against Microsoft’s Cloud Services
France’s OVHcloud Files Antitrust Complaint Against Microsoft’s Cloud Services
March 16, 2022  |  ANTITRUST

OVHcloud, a French cloud computing company, is filing an antitrust complaint against Microsoft in Europe, The Wall Street Journal reported Wednesday (March 16). This adds...

READ MORE >
Meta Fined $18.6M Over Facebook Data Breach
Meta Fined $18.6M Over Facebook Data Breach
March 15, 2022  |  Meta

Meta Platforms has been fined 17 million euros ($18.6 million) for violating the European Union’s privacy regulations by failing to prevent data breaches on its...

READ MORE >
German Court OKs Ernst & Young Class Action Case
German Court OKs Ernst & Young Class Action Case
March 15, 2022  |  Legal

A German court has opened class-action style legal proceedings against accounting firm Ernest & Young LLP (EY) to hear cases from investors in defunct payment...

READ MORE >
Amazon: Out-of-Court Settlement With Future Retail Is Impossible
Amazon: Out-of-Court Settlement With Future Retail Is Impossible
March 15, 2022  |  Amazon

Amazon.com has told India’s top court that talks to settle the dispute with Future Retail Ltd., the Mumbai-based retailer with more than 1,500 stores in...

READ MORE >
FTC Charges HomeAdvisor With Cheating Small Businesses
FTC Charges HomeAdvisor With Cheating Small Businesses
March 14, 2022  |  Regulation

The Federal Trade Commission (FTC) on Friday (March 11) charged Denver-based HomeAdvisor, Inc., with “a wide range of deceptive and misleading tactics” by selling home...

READ MORE >
Today in Crypto: Russians Turn to UAE to Liquidate Crypto; New York Proposes 3-Year Ban on Crypto Mining
Today in Crypto: Russians Turn to UAE to Liquidate Crypto; New York Proposes 3-Year Ban...
March 13, 2022  |  Cryptocurrency

The Bank of Israel has published a draft regulation regarding the risks associated with virtual currency and money laundering and terrorist financing, according to a...

READ MORE >