PYMNTS-MonitorEdge-May-2024

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.

Google Antitrust Trial to Proceed After Judge Denies Motion to Dismiss
Google Antitrust Trial to Proceed After Judge Denies Motion to Dismiss
June 14, 2024  |  Google

A judge denied Google’s motion to end U.S. antitrust regulators’ case focusing on its digital advertising. In a Friday (June 14) hearing, U.S. District Judge Leonie...

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Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024  |  Legal

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. A federal judge...

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UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
June 13, 2024  |  Legal

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis,...

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Spotify Faces FTC Complaint From Music Publishers
Spotify Faces FTC Complaint From Music Publishers
June 13, 2024  |  Streaming

Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers’ Association (NMPA) filed the complaint with the Federal Trade...

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SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
June 12, 2024  |  Legal

The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. The deal would resolve an...

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Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. It’s likely that there will...

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AI Regulation: Global Picture Balances Innovation and Insight
AI Regulation: Global Picture Balances Innovation and Insight
June 12, 2024  |  artificial intelligence

The global artificial intelligence (AI) landscape is undergoing significant shifts as regulators grapple with the technology’s rapid advancements. While the U.S. and Europe are considering...

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4 More States Join DOJ Antitrust Lawsuit Targeting Apple
4 More States Join DOJ Antitrust Lawsuit Targeting Apple
June 11, 2024  |  ANTITRUST

Four more states have joined the Department of Justice’s civil antitrust lawsuit alleging that Apple monopolizes smartphone markets. The attorneys general of Indiana, Massachusetts, Nevada...

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SEC, US Attorney Charge Joonko Founder Ilit Raz With Fraud
SEC, US Attorney Charge Joonko Founder Ilit Raz With Fraud
June 11, 2024  |  Legal

The founder of a now-closed artificial intelligence (AI) recruitment startup called Joonko is facing charges from both the Securities and Exchange Commission (SEC) and the...

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