A coalition of 46 states announced Wednesday that Cash App parent company Block Inc. will pay $45 million in a multistate settlement to resolve claims it misled users on the safety of its payment app and failed to protect them from fraud.
A coalition of 46 states announced Wednesday that Cash App parent company Block Inc. will pay $45 million in a multistate settlement to resolve claims it misled users on the safety of its payment app and failed to protect them from fraud.
Kalshi is challenging a New York federal court's decision to deny it an enforcement shield from the state's gaming laws, adding the Second Circuit to the list of appellate courts set to weigh in on the question of prediction market regulation.
A New York federal judge's denial of Kalshi's push to block the state from regulating sports-related offerings on its prediction market platform should inform litigation the company and Coinbase have brought against Connecticut, the Connecticut Office of the Attorney General has said.
The Consumer Financial Protection Bureau is kicking off a broad review of its mortgage disclosure rules that is aimed at identifying ways to ease compliance costs for lenders and expand credit access for borrowers, according to a new regulatory notice.
If Citigroup thinks now is a good time to expand its "financial empire" with a major acquisition, its already-mammoth size and past compliance troubles should make it think again, the top Democrat on the U.S. Senate Banking Committee told the bank on Wednesday.
State securities regulators have joined investors and asset managers in urging the U.S. Securities and Exchange Commission not to adopt a semiannual reporting structure, arguing the move away from quarterly reporting by publicly traded companies could lead to more insider trading and accounting fraud.
Citadel Securities has agreed to drop its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 million) judgment it's already won in the dispute, according to documents filed Wednesday.
Nearly 540,000 Bank of America account holders who sued over out-of-network fees they were charged for balance inquiries made at 7-Eleven ATMs asked a California federal judge on Tuesday for his final approval of a $2.25 million class settlement, bringing the years-long litigation closer to its end.
K&L Gates LLP has brought on a Willkie Farr & Gallagher LLP attorney who is a former chief counsel to ex-Commodity Futures Trading Commissioner Kristin N. Johnson, the firm said Wednesday.
The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.
A South Dakota hotel must pay an Indigenous advocacy group about $2.5 million in attorney fees following a trial jury's $63,191 verdict in a civil rights case claiming the business discriminated against Native American tribe members based on race, a federal judge has ruled.
A new task force has been formed in Connecticut aimed at developing a pilot behavioral health court in New Haven, with an eye toward expanding the program throughout the state.
A former associate attorney who was on the partnership track at Jackson Lewis PC has brought suit against the employment law firm in California state court, alleging that it refused to accommodate her temporary medical restrictions after she returned from leave and pressured her to accept a demotion or resign.
A key player in government investigations into Jeffrey Epstein's crimes and the assassination attempts on President Donald Trump has joined Squire Patton Boggs LLP to lead the firm's congressional investigations group, the firm announced Thursday.
A former Wisconsin state judge convicted of obstructing immigration authorities trying to arrest a defendant after he appeared in her courtroom lodged an appeal before the Seventh Circuit on Thursday, after avoiding a prison sentence but being fined $5,000.
