CFPB may take legal action against Block
Payments Dive
FEBRUARY 23, 2024
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
Thailand Set to Block Access to Unauthorised Crypto Platforms
Fintech News
APRIL 22, 2024
Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms.
Blocks 
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Top ChatGPT prompts for legal professionals
Nanonets
MAY 10, 2023
From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals.
Legal 52
52 
US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
PYMNTS
NOVEMBER 5, 2020
5) to block its planned $5.3 Visa strongly disagrees with the Department of Justice, whose attempt to block Visa’s acquisition of Plaid is legally flawed and contradicted by the facts,” the company said in a statement following the lawsuit’s filing. Department of Justice sued Visa on Thursday (Nov.
Blocks 137
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Colombia Blocks Uber From Using Its Ride-Hailing App
PYMNTS
DECEMBER 22, 2019
Columbia’s Technology Ministry approves ride-hailing apps as legal while transport authorities say they are against the law. Other countries have also taken recent legal action against Uber. In a statement, the SIC said Uber generated “a significant advantage in the market” by rendering transport services for individuals via its app.
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Google’s Action Blocks Makes Assistant Accessible To Disabled Users
PYMNTS
OCTOBER 2, 2019
Google has announced the launch of Action Blocks, a new tool that allows people with cognitive disabilities build Google Assistant commands. He went on to explain how a Googler named Lorenzo Caggioni used the Assistant to create a device called DIVA for his brother, who is legally blind, deaf and has Down Syndrome.
Blocks 40
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Chinese Gov’t Blocks Millions From Buying Travel Tix
PYMNTS
MARCH 5, 2019
According to the Associated Press , individuals were blocked from buying tickets 17.5 million times from purchasing train tickets, while 128 people were blocked from leaving the country because of unpaid taxes. million people to “voluntarily fulfill their legal obligations.”
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Epic Doubles Down On Legal Battle With Apple
PYMNTS
JANUARY 15, 2021
Apple claimed Epic had violated its terms of service, and blocked the game from its app, though the company said it would re-admit the app if Epic removed the in-app payment update. There's set to be a court battle between the two around the summer of 2021, which could see drastic changes to the way the digital economy runs in the future.
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OCC’s FinTech Charter’s Uncharted Legal Seas
PYMNTS
OCTOBER 24, 2019
Nearly four years on, little progress has been made — and now there’s a significant stumbling block. This might be thought of as the second legal blow to the OCC’s special charter bid. dismissed a CSBS suit to block the OCC from issuing the charters. Regulation, Law and Going Forward.
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Apple Blocks Clearview AI From App Store
PYMNTS
MARCH 1, 2020
The company is also looking at additional lawsuits and legal challenges from privacy advocates, CNET reported. Clearview AI said it has “accumulated a database of billions of photos” and has collaborated with worldwide organizations. . The Apple ban is a new problem for the facial recognition startup.
Block hate groups? It’s not so simple
Payments Source
AUGUST 17, 2017
Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.
Blocks 60
60 
State Bank Regs File Suit To Block OCC’s Bank Charter
PYMNTS
OCTOBER 26, 2018
More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct.
Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan
Fintech News
JUNE 12, 2024
Building upon this achievement, ongoing efforts are underway with five countries – Indonesia, Malaysia, the Philippines, Singapore, and Thailand – in 2023 to establish the necessary building blocks for a future production-ready multilateral platform based on the Project Nexus blueprint.
California Truckers Continue Legal Fight Against Gig Worker Law
PYMNTS
NOVEMBER 18, 2019
Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. The CTA filed its lawsuit to block California’s law last week, the report said. “To Finance reported Monday (Nov.
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AWS Textract Teardown - Pros and Cons of using Amazon's Textract in 2023
Nanonets
JULY 18, 2023
(Source: Dev.to) Firstly, whenever a new or a scanned document is sent into Textract, it creates a list of block objects for all the detected text. For example, say an invoice consists of hundred words today, AWS makes hundred block objects for all the words. For more information on language and API support do check out the docs here.
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Report: Amazon Alleges India's Future Retail Breached Its Contract
PYMNTS
NOVEMBER 1, 2020
Amazon , which is fuming over a decision by its India business partner Future Retail to sell assets to rising Amazon rival Reliance Industries , has asked India's top securities regulator to block the deal, Reuters reported. Securities regulators therefore should block the deal, Amazon reportedly argued in the letter.
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Apple Has Pulled Epic Games From App Store
PYMNTS
AUGUST 28, 2020
Epic emailed its Fortnite players that the iOS and Mac versions of the game are blocked from receiving updates. While a judge may not settle the dispute between Apple and Epic Games for months, the computer giant pulled the Fortnite maker’s games from the App Store on Friday (Aug. 28), 9to5Mac reported. This week, U.S.
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Cashfree Payments Launches ‘RiskShield’ to Empower Merchants Curb Cyber Payment Frauds in Real-time
Fintech Finance
MARCH 22, 2024
This surge in Payment Frauds due to digital transactions poses a significant threat to security, causing critical issues for businesses such as direct revenue loss, bank account debit freeze, working capital blockages, operational complexities, legal expenses, and the looming threat of account termination due to high chargebacks.
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Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement
PYMNTS
JULY 9, 2020
In other news, the CENTRE Consortium froze cryptocurrency valued at $100,000 by blocking a USDC stablecoin address in response to an ask from the authorities, CoinDesk reported. CENTRE maintains the ability to block addresses if a possible security incident or other potential harm to the network exists, per a document cited by CoinDesk.
At Least Ten State AGs Plan Move To Block Sprint/T-Mobile Merger
PYMNTS
JUNE 11, 2019
Ten or more state attorneys general are reportedly gearing up to jointly file suit to block the $26 billion merger of Sprint and T-Mobile. Reuters , citing thee sources familiar with the matter, reported the attorney general of New York is leading the lawsuit. to three from four.
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Lawmakers Push To Fast-Track Crypto Regulation
PYMNTS
JULY 7, 2019
Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.”
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Pinwheel Partners with Lumin to Offer Deposit Switching Within Digital Banking Suite
Finovate
JUNE 13, 2024
Because Pinwheel is a Consumer Reporting Agency (CRA), financial institutions can legally use the income and employment data for credit decisioning. With more than $77 million in funding, the company counts Block, Citizens Bank, Acorns, Credit Karma , and others among its clients. Pinwheel helps third party apps connect to over 1.5
New Facial Recognition Policy Signed Into Law In Washington State
PYMNTS
APRIL 1, 2020
In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said. San Francisco is one of seven municipalities that have blocked the government’s use of the technology, citing privacy and bias. The bill also establishes a task force to scrutinize how, when and why the technology is used.
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Apple Provides Temporary Access To Epic Games' Fortnite
PYMNTS
SEPTEMBER 13, 2020
Epic asked the Northern California District court to stop Apple from blocking the game. Apple fought back. In response, the tech giant filed a counter lawsuit against Epic accusing the software developer of greed and deceit in the fight over the iPhone maker’s App store.
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Bitcoin Daily: Hdac, CertiK Partner For Blockchain-Powered IoT; Tezos Expected To Settle Securities Lawsuit With $25M Settlement
PYMNTS
JUNE 29, 2020
The lawsuit goes back to October 2017, when Boston law firm Block & Leviton said it was looking into securities fraud by the Tezos ICO. Block & Leviton, which specializes in securities cases, sued the firm, and it wasn’t the only entity to do so — cases were filed in California and Florida courts around the same time.
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67 Canada Cannabis Payments Face Hurdles
PYMNTS
FEBRUARY 19, 2019
Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new business would play out. Still, even after all these months, and even with legalization done at a federal scale (as opposed to province by province), the cannabis payments process has hardly hit a full stride.
Legal 71
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Singapore’s Path Forward for Generative AI
Fintech News
JUNE 18, 2024
This introduces several legal and regulatory risks, including copyright or intellectual property issues, as well as privacy concerns. Another ethical concern outlined in the report is the potential of gen AI to produce convincing deepfake content, which can lead to misinformation.
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Citi Wants Revlon Lenders To Return $900M Paid In Error
PYMNTS
AUGUST 14, 2020
Revlon is involved in a legal dispute with some of its lenders. Lenders who sued Revlon were surprised to learn Thursday (Aug. 13) they had been fully repaid on a loan issued in 2016, the sources said. Citi executives asked for the money back, saying it was paid inadvertently due to an operational error, sources said.
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108 Lawmakers Push To Fast-Track Crypto Regulation
PYMNTS
JULY 7, 2019
Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.”
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51 
Google And Amazon Casualties Of Russia’s Telegram Ban
PYMNTS
APRIL 18, 2018
Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.
Blocks 43
43 
How Mobile Technology Is Changing Insurance Claims
PYMNTS
APRIL 10, 2020
The initial barrier blocking mobile payout adoption in the insurance world was simple: The technology to support such disbursements for many claims did not yet exist. The challenge is thus not figuring out if mobile disbursements are possible, but how they can be made, given insurers’ legal and compliance issues.
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TurboTax Bid For Credit Karma Triggers Antitrust Worries
PYMNTS
MARCH 2, 2020
Several legal experts have said the agreement raises serious antitrust concerns. Some have pointed to a similar attempt by H&R Block in 2011, when it tried to purchase another DIY tax software company. Regulators blocked the deal from going through. It shares about 80 percent of the market with H&R Block.
Blocks 52
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Consumer Class-Action Suit Against Visa, Mastercard Allowed To Go Forward
PYMNTS
NOVEMBER 21, 2016
The court ruled a district court was wrong when coming to the determination that consumers had no legal standing for a lawsuit and that it hadn’t showed antitrust violations. The justices said the cases were dismissed due to the companies changing their legal arguments after they agreed to hear the case.
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Bitcoin Daily: BitBay Will No Longer Support Monero’s XMR; Bitcoin ATMs Coming To More Shopping Malls
PYMNTS
NOVEMBER 26, 2019
29, and will block withdrawals from Friday to Dec. The decision was made to block the possibility of money laundering and inflow from external networks,” the firm said, adding that other crypto exchanges have dropped monero over the same concern. “The The crypto exchange will end deposits of XMR as of Nov.
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How to Scrape Data from a Website to Excel?
Nanonets
MAY 20, 2024
Legal and compliance. Is web scraping legal? While web scraping itself isn't illegal, especially for publicly available data on a website, it's important to tread carefully to avoid legal and ethical issues. By following these guidelines, you can ensure your web scraping activities are both legal and ethical.
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Finance Ministers Decide Digital Currencies Too Risky For EU
PYMNTS
DECEMBER 5, 2019
No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said in a joint statement. The finance ministers also emphasized the need for legal clarity regarding any cryptocurrency arrangements.
Bitcoin Daily: SEC’s Clayton: Bitcoin Needs Stronger Regulation Before Trading; Philippines 7-Elevens To Exchange Cash For Crypto Via Abra
PYMNTS
SEPTEMBER 20, 2019
Even if Facebook is blocked in China, people will use indirect ways to purchase it from abroad once Libra comes out,” he added. Mu does believe there is one scenario where countries would be able to block Libra: If the United States decides to ban it. “If bans Libra legally, then Libra will certainly be stopped,” he said.
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Five At Five: Would Visa Support Cryptocurrencies?
PYMNTS
OCTOBER 26, 2018
State Bank Regs File Suit t o Block OCC’s Bank Charter. More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business.
How the Focus on NPL Is Changing Europe?s Debt Market
FICO
JUNE 18, 2018
Banks are identifying, categorising and provisioning NPL more rigorously, and working on standardising and improving work-out, legal enforcement and underwriting processes. You can analyse the European landscape by dividing the countries into 3 blocks. Block 1 — Countries with NPL ratios > 20%. NPL Divides Europe.
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Uber Cleared To Buy Online Grocer Cornershop
PYMNTS
MAY 31, 2020
Mexican antitrust officials in 2019 blocked a similar, $225 million bid by Walmart to buy Cornershop, Reuters said, citing concerns the retail giant could not guarantee a level playing field for rival retailers. The FNE said in the statement that its investigation began on Dec.
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Crypto Legitimacy When Creating a Financial Foundation for Adult Content Creators
Segpay
DECEMBER 14, 2023
Due to the controversial nature of the content and the legal ambiguities surrounding it, many traditional banks and payment processors are hesitant to provide services to adult content businesses. Data breaches and the exposure of user information can have severe financial consequences, including legal liabilities and loss of consumer trust.
Potcoin Value Soars Thanks To Dennis Rodman’s Trip To North Korea
PYMNTS
JUNE 14, 2017
Potcoin , the digital cryptocurrency similar to bitcoin but aimed at the legal marijuana market, got much-needed publicity by sponsoring Dennis Rodman’s trip to North Korea. The government would also not be allowed to give banks incentives to cut off the businesses.
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This Week in Fintech: TFT Bi-Weekly News Roundup 09/07
The Fintech Times
JULY 9, 2024
Clara , a digital legal and admin software provider, and RemotePass, a remote team management and global payroll platform, have formed a strategic partnership. Clara and RemotePass offers an integrated solution that addresses the challenges of legal documentation, compliance, payroll and remote team management.
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Today In Payments: Apple Parts Maker Foxconn Back To Work In China; Two Chinese Nationals Laundered $100M In Crypto
PYMNTS
MARCH 3, 2020
Several legal experts have said that TurboTax’s deal to buy personal finance site Credit Karma for $7.1 Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators. Intuit Bid For Credit Karma Triggers Antitrust Worries.
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