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.

Home Depot Agrees to $2 Million Settlement in ‘Scanner Violation’ Complaint
Home Depot Agrees to $2 Million Settlement in ‘Scanner Violation’ Complaint
September 16, 2024  |  Legal

Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising. The $1,977,251 settlement involves a problem...

READ MORE >
Bankman-Fried Says ‘Rush to Judgment’ Prevented Fair Trial
Bankman-Fried Says ‘Rush to Judgment’ Prevented Fair Trial
September 15, 2024  |  Cryptocurrency

FTX co-founder Sam Bankman-Fried wants a new trial, arguing a federal judge hamstrung his defense. Attorneys for the disgraced cryptocurrency CEO contend that “everyone rushed...

READ MORE >
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
September 13, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Horizon Card Services and its CEO Robert Kane Friday (Sept. 13). The CFPB alleged that the company used...

READ MORE >
Irish Data Regulators Put Google AI Model Under Review
Irish Data Regulators Put Google AI Model Under Review
September 12, 2024  |  Regulation

A European regulator is investigating whether Google’s artificial intelligence model complies with privacy laws. Ireland’s Data Protection Commission (DPC) is examining whether the tech giant...

READ MORE >
This Week in Web3: Crypto Scams and Payments Surge
This Week in Web3: Crypto Scams and Payments Surge
September 11, 2024  |  Cryptocurrency

Cryptocurrencies were created to address supposed pain points across the financial system. By decentralizing transaction verification and record-keeping through a distributed ledger, blockchain-based digital assets...

READ MORE >
Caroline Ellison Seeks No Jail Time in FTX Case
Caroline Ellison Seeks No Jail Time in FTX Case
September 11, 2024  |  Legal

Caroline Ellison hopes to avoid prison time for her role in the FTX collapse. Ellison, the former CEO of FTX sister company Alameda Research, should...

READ MORE >
AI Explained: Inside the World of Datasets
AI Explained: Inside the World of Datasets
September 09, 2024  |  Artificial Intelligence

Artificial intelligence datasets form the bedrock of modern systems. As tech giants and researchers push the boundaries of machine capabilities, the data they use quietly...

READ MORE >
Google’s Advertising Business on Trial as US Seeks Blockbuster Breakup
Google’s Advertising Business on Trial as US Seeks Blockbuster Breakup
September 09, 2024  |  ANTITRUST

There are few institutions worldwide capable of standing up a greater legal team than Google. But the U.S. federal government might be one of them....

READ MORE >
Judge Says Shareholders’ Lawsuit Against Coinbase Can Move Forward
Judge Says Shareholders’ Lawsuit Against Coinbase Can Move Forward
September 06, 2024  |  Legal

A proposed class action lawsuit brought against Coinbase by shareholders is reportedly moving forward. The cryptocurrency exchange’s bid to have the suit dismissed was rejected Thursday...

READ MORE >