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.

Court Rejects Uber’s Challenge to California Gig Worker Law
Court Rejects Uber’s Challenge to California Gig Worker Law
June 10, 2024  |  Gig Economy

Uber said Monday (June 10) that a U.S. appeals court decision rejecting the company’s challenge to a California law that could force it to treat...

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Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
June 10, 2024  |  Legal

The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case...

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Judge Allows Yelp to Sue Firm That Claimed to Remove ‘Bad’ Reviews
Judge Allows Yelp to Sue Firm That Claimed to Remove ‘Bad’ Reviews
June 07, 2024  |  Legal

Yelp can continue a trademark infringement and unfair competition lawsuit against a company that advertised that it could remove “bad” reviews from the platform. A...

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Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

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Analysts Say Fines Could Rise as TD Bank Faces Additional Allegations
Analysts Say Fines Could Rise as TD Bank Faces Additional Allegations
June 05, 2024  |  AML

Toronto-Dominion Bank (TD Bank) reportedly could be facing fines of up to $4 billion in relation to money-laundering probes in the United States. This estimate by...

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This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
June 05, 2024  |  Blockchain

Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative...

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Will Regulators’ Public Shaming Blunt Innovation?
Will Regulators’ Public Shaming Blunt Innovation?
June 05, 2024  |  Regulation

The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a...

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FTX Asks Judge to Stop Class Action Complaints
FTX Asks Judge to Stop Class Action Complaints
June 04, 2024  |  Legal

FTX reportedly aims to stop class action complaints and other lawsuits that target company insiders and venture capital firms accused of being involved in the...

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CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
June 03, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) issued a final rule to establish a registry of nonbank financial companies that have broken consumer laws and are...

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