Lawsuits

Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024  |  CFPB

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision...

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Airlines Sue DOT Over New Fee Disclosure Rules
Airlines Sue DOT Over New Fee Disclosure Rules
May 13, 2024  |  Legal

Airlines are reportedly suing the U.S. Transportation Department (DOT) over new fee rules. The suit was filed in federal court last week by industry group Airlines for America, Reuters reported...

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Temu Tepid About US Thanks to TikTok Turmoil
Temu Tepid About US Thanks to TikTok Turmoil
May 13, 2024  |  Retail

Chinese eCommerce company Temu is reportedly looking beyond the United States for business growth. Temu, which had invested billions of dollars in the American market, is now...

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Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
May 10, 2024  |  Legal

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the...

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Uber Sued for $312 Million by London Cab Drivers
Uber Sued for $312 Million by London Cab Drivers
May 02, 2024  |  Legal

Uber is reportedly facing a $312 million lawsuit from drivers of London’s black cabs. That suit, according to a Bloomberg news report Thursday (May 2), was...

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Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
April 30, 2024  |  Legal

Eight newspapers owned by Alden Global Capital’s MediaNews Group are reportedly suing Microsoft and OpenAI, alleging that the tech companies used the newspapers’ content to train artificial intelligence (AI) models. ...

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Judge in CFPB Credit Card Lawsuit Avoids Recusal
Judge in CFPB Credit Card Lawsuit Avoids Recusal
April 18, 2024  |  Legal

A judge in the banking industry/CFPB legal battle can remain on the case. That’s according to a ruling — made public Thursday (April 18) by Reuters —...

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UK Judge Rules App Developers’ Suit Against Apple Can Proceed
UK Judge Rules App Developers’ Suit Against Apple Can Proceed
April 12, 2024  |  Legal

Apple lost its bid to have part of a lawsuit in the United Kingdom dismissed. The lawsuit was filed on behalf of 1,500 U.K.-based app developers and alleged...

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Binance Is Building ‘Robust Compliance Program,’ CEO Says
Binance Is Building ‘Robust Compliance Program,’ CEO Says
April 09, 2024  |  Cryptocurrency

Binance’s new CEO said the cryptocurrency exchange is a more mature company now. Speaking with CNBC Tuesday (April 9), Richard Teng acknowledged concerns raised by the U.S. Department of Justice —...

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