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.

Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

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CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
August 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle.  A federal judge rejected...

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FTC Accuses Care.com of Misleading Job-Seeking Caregivers
FTC Accuses Care.com of Misleading Job-Seeking Caregivers
August 26, 2024  |  Regulation

The Federal Trade Commission took legal action against child and older adult care platform Care.com. The FTC alleged that Care deceived caregivers about the availability...

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Former FTX Exec Salame Says Feds Not Honoring Plea Deal
Former FTX Exec Salame Says Feds Not Honoring Plea Deal
August 22, 2024  |  Legal

Last year former FTX executive Ryan Salame cut a deal with federal prosecutors. Now, Salame says the government is not holding up its end of the bargain,...

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Google Antitrust Ruling Sparks Debate Among Online Publishers and SEO Experts
Google Antitrust Ruling Sparks Debate Among Online Publishers and SEO Experts
August 21, 2024  |  Google

After a landmark antitrust ruling against Google, online publications face a pivotal decision: whether to allow the tech giant to use their content for AI-generated...

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AI Startup Anthropic Faces Copyright Infringement Lawsuit From 3 Authors
AI Startup Anthropic Faces Copyright Infringement Lawsuit From 3 Authors
August 20, 2024  |  Legal

Artificial intelligence (AI) startup Anthropic is reportedly the target of a copyright infringement lawsuit filed Tuesday (Aug. 20) in California. Three authors allege in the...

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Shein Alleges Copyright Infringement in Lawsuit Against Temu
Shein Alleges Copyright Infringement in Lawsuit Against Temu
August 20, 2024  |  Legal

Fast-fashion giant Shein reportedly sued rival company Temu, alleging copyright infringement. In a civil complaint filed in Washington, D.C., Shein alleged that Temu encourages sellers...

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Compliance Remains a Constant for Bank-FinTech Partnerships
Compliance Remains a Constant for Bank-FinTech Partnerships
August 19, 2024  |  Bank Regulation

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where...

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EU Becomes Battleground as Epic Challenges Apple’s App Store Dominance 
EU Becomes Battleground as Epic Challenges Apple’s App Store Dominance 
August 16, 2024  |  Mobile Applications

Rival app stores. New mobile ecosystems — and the major players in a battle that’s been waged over four years remain the same. Epic’s challenge...

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