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.

State Street Corp. Ex-EVP Accused Of Wire Fraud
State Street Corp. Ex-EVP Accused Of Wire Fraud
June 05, 2018  |  Legal

A former executive at State Street Corp. is set to stand trial for allegedly defrauding the bank’s clients by charging them secret commissions on billions...

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SEC Investigates Former Heartland CEO For Possible Insider Trading
SEC Investigates Former Heartland CEO For Possible Insider Trading
June 04, 2018  |  Legal

Federal investigators are looking into stock trades linked to the former CEO of the FinTech firm Heartland Payment Systems. According to The Wall Street Journal,...

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Is GDPR EU’s Frankenstein Monster?
Is GDPR EU’s Frankenstein Monster?
May 31, 2018  |  Regulation

Two hundred years ago, the world was introduced to Dr. Victor Frankenstein. Mary Shelley’s book “Frankenstein” was published in January 1818 and told the story...

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Virginia Sues Online Lender Over Consumer Loans
Virginia Sues Online Lender Over Consumer Loans
May 04, 2018  |  Consumer Finance

Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state...

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Sinemia Looks To Take On MoviePass
Sinemia Looks To Take On MoviePass
May 04, 2018  |  Retail

With MoviePass’ booming movie ticket subscription success, it’s unsurprising a competitor is looking to steal away some of their cinema-enthused customers. Sinemia launched four years...

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PHH Walks Away From High Court Appeal On CFPB Constitutionality
PHH Walks Away From High Court Appeal On CFPB Constitutionality
May 04, 2018  |  CFPB

PHH Corporation has decided not to appeal a case that questioned the constitutionality of the Consumer Financial Protection Bureau (CFPB). According to American Banker, this...

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ICOs On US Lawmakers’ Radar, As Ban Mulled
ICOs On US Lawmakers’ Radar, As Ban Mulled
April 30, 2018  |  Regulation

Initial coin offerings, or ICOs, have been on the receiving end of much criticism and a growing amount of regulatory scrutiny. Now the trend may...

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Can FinTech Walk The FinTalk?
Can FinTech Walk The FinTalk?
April 30, 2018  |  Payments Innovation

Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the lightning rod after...

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Supreme Court Rules Arab Bank Cannot Be Sued For Financial Involvement In Terrorist Attacks
Supreme Court Rules Arab Bank Cannot Be Sued For Financial Involvement In Terrorist Attacks
April 25, 2018  |  Legal

The Supreme Court has ruled that lawsuits filed by victims of terrorist attacks and their families against Arab Bank cannot proceed. According to NBC News,...

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