Legal

1182 articles tagged with this keyword

/payments

Mastercard and Visa to face multi-billion pound lawsuit over interchange fees on UK businesses

The UK's Competition Appeals Tribunal has given the go-ahead for a $4 billion class action lawsuit brought by UK businesses over Mastercard and Visa multilateral interchange fees.

/crypto

Australian regulator secures court win over Kraken's local operator

An Australian court has ruled in favour of the country's securities regulator against the local operator of the Kraken crypto exchange over design and distribution obligations when offering a margin trading product.

/crypto

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

/people

Two more Wirecard executives implicated in widening financial scandal

German prosecutors have charged a further two Wirecard executives with wrong-doing in the lead up to the collapse of the once hyped fintech company.

/security

JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

/markets

CFPB proposes rule for paycheck advance products

The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.

/inclusion

FCA calls on financial institutions to improve treatment of PEPs

The FCA has told financial firms to do more to ensure politically exposed persons (PEPs) and their families are not treated unfairly.

/markets

FCA sets date for 'finfluencers' trial

Trials have been scheduled after the FCA charged 9 individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media.

/payments

US judge rejects "paltry" $30 billion swipe fee settlement

A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.

/payments

US judge rejects $30bn interchange fee settlement

A US judge has rejected a $30 billion settlement between Visa, Mastercard and retailers over credit card interchange fees.

/crypto

US judge green lights Terraform's $4.5bn SEC settlement

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

/payments

Judge paves way to end JPMorgan-Viva Wallet valuation dispute

The legal tussle between JPMorgan and the founder of Viva Wallet over the Greek payments firm's valuation appears to have been settled by a UK judge.

/payments

Visa and Mastercard set for card fee suit

A UK tribunal has ruled that interchange fee lawsuits against Visa and Mastercard can proceed.

/payments

Lawyers of Wirecard boss Braun down tools due to lack of funds

Markus Braun, the disgraced ex-boss of Wirecard, has been forced to rely on state provided legal support after his former lawyer quit because of lack of funds.

/payments

Citi suit prompts dispute between CFPB and industry groups

A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).

/retail

Visa and Mastercard offer $197m to settle ATM class action suite

Visa and Mastercard have agreed to pay $197 million to settle a long-running class action lawsuit accusing them of keeping ATM fees artificially high.

/people

Former FTX exec gets 7.5 years in prison

Ryan Salame, a former executive at collapsed crypto outfit FTX, has been sentenced to seven and a half years in prison.

/people

Binance founder Changpeng Zhao gets four month prison term

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.

/crypto

Crypto trader convicted of $110m fraud

A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.

/regulation

Temenos rejects Hindenburg claims after probe completed

Shares in core banking provider Temenos have risen upon news that an investigation commissioned by the company found that accusations of mismanagement by short seller Hindenburg Research were "inaccurate and misleading".