Lawsuits

BJ’s Wholesale Club Ditches ADS, Moves Credit Cards to Capital One
BJ’s Wholesale Club Ditches ADS, Moves Credit Cards to Capital One
January 18, 2022  |  Legal

Alliance Data Systems Corp (ADS) has lost BJ’s Wholesale Club as a client, The Wall Street Journal (WSJ) reported Tuesday (Jan. 18). The club has...

READ MORE >
Legal Spat Over FinTech Bank Charters Spotlights Deposit Insurance Debate
Legal Spat Over FinTech Bank Charters Spotlights Deposit Insurance Debate
January 17, 2022  |  Banking

The regulatory path forward for FinTechs seeking to offer banking services on a national scale may have gotten a bit clearer, but it hardly seems...

READ MORE >
UK Lawsuit Claims Facebook Exploited Personal Data of 44 Million Users
UK Lawsuit Claims Facebook Exploited Personal Data of 44 Million Users
January 16, 2022  |  Legal

Facebook, now known as Meta, faces a fine of over $3.2 billion over allegations that it exploited data and abused its market dominance, Reuters reported...

READ MORE >
US State Banking Regulators Drop Lawsuit Over FinTech Charters
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022  |  Regulation

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  The Conference of...

READ MORE >
PoolTogether Lawsuit Will Test Whether DeFi Really Is Decentralized
PoolTogether Lawsuit Will Test Whether DeFi Really Is Decentralized
January 13, 2022  |  Blockchain

At a Senate Banking Committee hearing on stablecoins in December, Sen. Elizabeth Warren called decentralized finance (DeFi) “the most dangerous part of the crypto world.”...

READ MORE >
Facebook Can’t Fence Off FTC Antitrust Suit, But It Narrows Scope
Facebook Can’t Fence Off FTC Antitrust Suit, But It Narrows Scope
January 12, 2022  |  Regulation

A U.S. judge granted the Federal Trade Commission (FTC) a second chance to continue with its allegations of illegal monopolization against Facebook (now Meta), after...

READ MORE >
FTC Can Refile Antitrust Case Against Facebook, Judge Rules
FTC Can Refile Antitrust Case Against Facebook, Judge Rules
January 11, 2022  |  ANTITRUST

The Federal Trade Commission will now have another chance to go after its illegal monopolization charges against Facebook, CNBC reported Tuesday (Jan. 11). The judge...

READ MORE >
Financial Conflict Forces Judge From Amazon Case
Financial Conflict Forces Judge From Amazon Case
January 11, 2022  |  Amazon

A U.S. district court judge has stepped down from a long-running Amazon civil case following a news article that revealed his family owned stock in the retail...

READ MORE >
Google-Apple Search Alliance Shows Complexity of Regulating the Digital Economy
Google-Apple Search Alliance Shows Complexity of Regulating the Digital Economy
January 07, 2022  |  ANTITRUST

Google and Apple have attracted as much interest from investors as from regulators. They are as frequently praised for their innovations as they are criticized...

READ MORE >