Lawsuits

Uber Files Racketeering Lawsuit Alleging Auto Insurance-Related Fraud
Uber Files Racketeering Lawsuit Alleging Auto Insurance-Related Fraud
January 30, 2025  |  Legal

Uber Technologies is reportedly suing a group of law firms, doctors and pain management clinics, alleging they staged car accidents and performed medically unnecessary surgeries....

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Crypto Exchange KuCoin to Exit US Amid Resolution of Lawsuit
Crypto Exchange KuCoin to Exit US Amid Resolution of Lawsuit
January 27, 2025  |  Legal

Cryptocurrency exchange KuCoin will exit the U.S. market for at least two years after its operator, Seychelles-based Peken Global Limited, pleaded guilty Monday (Jan. 27) to...

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PayPal to Settle New York’s Allegations of Cybersecurity Failures
PayPal to Settle New York’s Allegations of Cybersecurity Failures
January 23, 2025  |  Cybersecurity

PayPal will pay a $2 million penalty to New York state to settle the state’s allegations that the company had cybersecurity failures that led to...

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Coinbase Asks Court to ‘Clear Away Cloud’ Over Cryptocurrency Market
Coinbase Asks Court to ‘Clear Away Cloud’ Over Cryptocurrency Market
January 22, 2025  |  Cryptocurrency

Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset...

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Tech Industry Sues CFPB Over ‘Chilling’ Effect on Digital Wallets
Tech Industry Sues CFPB Over ‘Chilling’ Effect on Digital Wallets
January 20, 2025  |  Digital Payments

The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of...

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FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
January 20, 2025  |  Bank Regulation

The new administration is here, ushering in a phase of uncertainty surrounding banking regulations and the state of the regulatory agencies themselves. Beyond the usual...

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OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders
OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders
January 14, 2025  |  Regulation

The Office of the Comptroller of the Currency (OCC) has completed the enforcement actions it pursued against 11 former Wells Fargo senior bank executives. Three enforcement actions announced...

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CFPB Sues Capital One Over ‘Highest’ Rates Promotion
CFPB Sues Capital One Over ‘Highest’ Rates Promotion
January 14, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Capital One Tuesday (Jan. 14), alleging that the bank promoted one savings account as offering one of the...

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Binance to Face Class Action After US Supreme Court Declines to Hear Appeal
Binance to Face Class Action After US Supreme Court Declines to Hear Appeal
January 13, 2025  |  Legal

Cryptocurrency exchange Binance and founder Changpeng Zhao are reportedly set to face a class action by investors after a Monday (Jan. 13) decision by the...

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