Legal

1183 articles tagged with this keyword

/payments

Nacha offers guidance on contractual consideration for voice-driven payments

Nacha's Payments Innovation Alliance has created a legal and risk mitigation resource guide for financial institutions seeking to implement voice payments capabilities and applications (skills) through smart devices, such as the Amazon Echo and Google Nest.

/Legal

Baker McKenzie launches Fintech Counsel Fund

We are launching the Fintech Counsel Fund to provide practical support to three carefully selected fintech companies as they seek to make their mark in the fintech industry.

/payments

CFPB sues MoneyGram

MoneyGram is preparing to fight what it calls a "baseless" Consumer Financial Protection Bureau (CFPB) and New York Attorney General lawsuit accusing the money transfer giant of "leaving families high and dry".

/crypto

Commerzbank applies for crypto custody licence

Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

/regulation

FCA secures £2m account forfeiture order against fintech QPay

Following court proceedings brought by the Financial Conduct Authority, fintech QPay Europe has consented to a court order to give up £2 million held in its name.

/crypto

EU lawmakers back tougher crypto AML rules

European Parliament members have voted to outlaw anonymous cryptocurrency transactions as part of an EU anti-money laundering package.

/startups

Ashurst announces Fintech Legal Labs 2022 cohort

Global law firm Ashurst announces the 16 FinTechs and GreenTechs who have been selected as the next cohort of FinTech Legal Labs.

/predictions

Amex files metaverse-related trademark applications

American Express has filed trademark applications to register its name, logo, and slogans for a range of banking services in the metaverse.

/people

Prosecutors charge former Wirecard CEO

German prosecutors have charged former Wirecard chief executive Markus Braun in relation to the collapse of the payments firm last year.

/payments

Mastercard class action suit moves closer to trial as billions more pounds added to claim

A £14 billion class action lawsuit against Mastercard interchange fees has moved a step closer to trial with an additional £2.7 billion added to the claim following the latest judgement by the UK's Competition Appeal Tribunal.

/crypto

FCA is investigating 50 crypto firms

The Financial Conduct Authority opened over 300 cases related to crypto firms in a six-month period last year and has 50 live investigations, including criminal probes, into companies in the sector.

/people

Qolo appoints Steve Zelinger general counsel

Qolo, the omnichannel payments platform for Fintech, today announced the appointment of its first General Counsel, veteran attorney Steve Zelinger.

/retail

Meta and Chime sue alleged phishing scammers

Meta and digital banking giant Chime have filed a first-of-its-kind joint lawsuit against two Nigerian-based individuals they say have been using Facebook and Instagram for phishing attacks designed to get access to victims' financial accounts.

/crypto

Feds seize $3.6bn in crypto linked to Bitfinex hack

US authorities have arrested two people and seized $3.6 billion wort of bitcoin in relation to the 2016 hack of cryptocurrency exchange Bitfinex.

/people

Union takes CBA to court over $45m worth of untaken tea breaks

Commonwealth Bank of Australia is being taken to court by a union over its alleged failure to give thousands of retail banking employees millions of dollars worth of tea breaks.

/regulation

Major tech antitrust bill advanced by US Senate vote

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.

/security

Legacy tech mishandling costs Morgan Stanley $60 million in data breach suit

Morgan Stanley has agreed a $60 million class action settlement relating to legacy technology mishandling that led to two seperate data breaches in 2016 and 2019.

/regulation

Viola Money enters administration

On 21 December 2021, a special administration order was made by the Court, in relation to Viola Money (Europe) Limited, under the 2021 Payment and Electronic Money Institution Insolvency Regulations.

/payments

H&R Block sues Square over Block rebrand

Taxation preparation firm H&R Block has filed a trademark infringement suit against Block, the recently rebranded Square business, accusing the payments firm of confusing customers and damaging its psopects as it moves deeper into financial services.

/crypto

Craig Wright wins court battle for bitcoin fortune

Craig Wright, the self-declared inventor of bitcoin, is claiming victory in a civil lawsuit filed against him by the family of a dead business partner, despite being ordered to pay $100 million in damages.