Legal

1056 articles tagged with this keyword

/payments

Judge dismisses antitrust suit against Apple, Visa and Mastercard

A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.

/crypto

Pair jailed for £1.5m crypto fraud

A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.

/payments

UK tribunals rules Visa and Mastercard fees breach competition law

The UK's Competition Appeal Tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers breach European competition law.

/crypto

Kraken issued crypto licence in Ireland

Crypto exchange Kraken has become the first company to be awarded a Markets in Crypto Assets (Mica) licence from Ireland's central bank.

/ai

Irish bankers concerned about job displacement through AI - survey

The vast majority of employees in Ireland's financial services believe that the rise of AI will lead to job displacement across the industry, according to a recently released survey.

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

/payments

UK court finalises £200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.

/crypto

BitGo secures EU crypto custody licence

US-based crypto custodian BitGo has become one of the first non-EU firms to secure a licence under the EU's Markets in Crypto Assets (MiCA) directive.

/security

1.2m UK customers affected by February bank outages

A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.

/crypto

Ex-Celsius CEO Mashinsky gets 12-year sentence for crypto fraud

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud.

/regulation

New York sues DailyPay and MoneyLion over 'illegal loans'

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

/ai

Nate founder charged with fraud over 'AI' shopping app secretly powered by humans

The founder of an AI-based tool for automating online shopping checkouts has been charged with defrauding investors over claims that the process was actually carried out by human workers in the Philippines.

/crypto

US justice department disbands crypto fraud team

The US Department of Justice is disbanding its national cryptocurrency enforcement team.

/regulation

Earned wage access fintech DailyPay sues NY AG: Rain raises $75 million

DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.

/startups

Frank founder Javice found guilty of defrauding JPMorgan

Charlie Javice, founder of student financial aid assistance company Frank, has been found guilty of defrauding JPMorgan Chase in its $175 million acquisition.

/crypto

Galaxy Digital reaches $200m settlement over Luna token

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.

/security

Santander scores victory in APP fraud retrieval case

Santander has scored a significant High Court victory in a push payment fraud case over its responsibility to return £415,000 that was sent to a scam account.

/people

Appeals court rules Capital One hacker's sentence was too light

A US appeals court has overruled the sentence given to the hacker behind the huge 2019 Capital One data breach, saying it was too lenient.

/payments

Revolut and Visa file legal challenges over PSR's plan to cap fees

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

/regulation

CFPB drops suit against JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to "fester" on P2P payments platform Zelle.