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.

Web3 This Week: BlackRock CEO Calls Bitcoin ‘Legitimate,’ Mainstream Off-Ramps Grow
Web3 This Week: BlackRock CEO Calls Bitcoin ‘Legitimate,’ Mainstream Off-Ramps Grow
July 17, 2024  |  Blockchain

Traditional financial operations are centralized, regulated and audited. Blockchain technology and cryptocurrencies are, well, pretty much the opposite, relying instead on cryptographic algorithms and decentralized...

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Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
July 15, 2024  |  Legal

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law firm Milberg Coleman Bryson Phillips Grossman would not be sanctioned at this time for...

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FTC Warns Franchisors About Junk Fees
FTC Warns Franchisors About Junk Fees
July 12, 2024  |  Regulation

The Federal Trade Commission (FTC) warned franchisors Friday (July 12) that non-disparagement clauses and the imposition of previously undisclosed fees are against the law. The...

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House Committee Votes to Aid Defense of TikTok Ban
House Committee Votes to Aid Defense of TikTok Ban
July 11, 2024  |  Politics

The U.S. House Energy and Commerce Committee reportedly voted Thursday (July 11) to give the Justice Department a transcript of a closed-door hearing about threats posed by TikTok....

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Two Former FTX Executives to Be Sentenced in October, November
Two Former FTX Executives to Be Sentenced in October, November
July 09, 2024  |  Legal

Two former FTX executives who testified against the cryptocurrency exchange’s co-founder, Sam Bankman-Fried, now know when they will face sentencing hearings. Nishad Singh will be...

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Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024  |  Regulation

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection...

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California Institutes New Credit Card Code for Gun Sellers
California Institutes New Credit Card Code for Gun Sellers
July 08, 2024  |  Credit Cards

California now requires credit card companies to designate a code for gun sellers. California became the first state in the country to enforce a four-digit...

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Court Ruling: PayPal Australia Unfair to Small Merchants
Court Ruling: PayPal Australia Unfair to Small Merchants
July 05, 2024  |  Legal

Australia’s federal court has ruled that a term in PayPal’s contract for local small businesses is unfair. The reason, the court ruled Friday (July 5)...

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Neobanks See An Opportunity As Banks Move Away From Free Services
Neobanks See An Opportunity As Banks Move Away From Free Services
July 05, 2024  |  Banking

The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up...

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