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.

Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
October 25, 2024  |  Regulation

The Consumer Financial Protection Bureau released its final rule on data-sharing Tuesday (Oct. 22). But the issue is far from over. The battle between banks...

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The Week in AI: Anthropic Agents, OpenAI’s Swarm and an Apple iOS Update Debut
The Week in AI: Anthropic Agents, OpenAI’s Swarm and an Apple iOS Update Debut
October 25, 2024  |  Artificial Intelligence

This week in artificial intelligence, Anthropic and OpenAI unveiled new AI systems capable of controlling computers and working in teams, while the U.S. Department of...

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Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
October 23, 2024  |  Legal

Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule...

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CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
October 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit and investment firm 1/0 Thursday (Oct. 17), alleging they provided potential borrowers with false...

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Stablecoins, Payments and Court Battles Define This Week in Web3
Stablecoins, Payments and Court Battles Define This Week in Web3
October 09, 2024  |  Blockchain

Cryptocurrency and Web3 technologies are supposed to represent the future of finance, offering a decentralized and borderless world where money, data and assets flow freely....

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DOJ Wants to Shrink Big Tech by Breaking Up Google
DOJ Wants to Shrink Big Tech by Breaking Up Google
October 09, 2024  |  ANTITRUST

The U.S. government is asking a federal district judge to compel Google to break up its core businesses.  The Department of Justice (DOJ) said in a Tuesday court...

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Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
October 08, 2024  |  Legal

Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Crypto.com Sues SEC Amid Threat of Enforcement Action
Crypto.com Sues SEC Amid Threat of Enforcement Action
October 08, 2024  |  Cryptocurrency

Calling it a “misguided” federal agency, Crypto.com has sued the Securities and Exchange Commission (SEC). The suit, filed Tuesday (Oct. 8), came after the cryptocurrency...

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