article thumbnail

CFPB may take legal action against Block

Payments Dive

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

Legal 140
article thumbnail

OJK Revokes Investree License, Pursues Legal Action Against Former CEO Gunadi

Fintech News

In addition to the license revocation, Investree is prohibited from transferring or obscuring company assets, except for fulfilling legal obligations, and must resolve employee rights in line with employment laws. The regulator shared that asset tracing and potential legal proceedings are underway.

Legal 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Investree Appoints Caretaker Team Amid Bad Loans, Legal Disputes

Fintech News

According to DealStreetAsia , this move comes as the company faces ongoing investigations and legal challenges from lenders. Concerns escalated after co-founder Adrian Gunadi was dismissed in January amid fraud and contract breach allegations, leading to legal action and his removal as director.

Legal 111
article thumbnail

Klarna Celebrates High Levels of AI Adoption Across Communications, Marketing and Legal Teams

The Fintech Times

Communications, marketing and legal teams are all seeing transformative change due to gen AI integration. Legal: Klarna’s lawyers are using ChatGPT Enterprise to create the first draft of common types of contract, massively reducing the time it takes to draw up a contract. per cent, 87.9 per cent, and 86.4 per cent respectively.

Legal 116
article thumbnail

Binance Sets up First-Ever Board in Wake of Legal Settlements

Fintech News

The announcement comes as the company seeks to navigate through the aftermath of legal challenges in the United States , including a guilty plea to violations related to anti-money laundering and sanctions. Binance Holdings, operator of a crypto exchange of the same name, has established its first board of directors.

Legal 111
article thumbnail

Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs

The Payments Association

Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs January 13 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The impact of the UK Digital Assets Bill on PSPs, highlighting legal uncertainties, operational challenges, and strategic opportunities. Why is it important?

Legal 88
article thumbnail

Ally faces legal battle after data breach

Bank Automation

7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News. Plaintiff Sebastian Owens, among others in the class action suit, according to court documents filed in the District Court of Western District of North Carolina on Sept.