On Wednesday, the U.S. Consumer Financial Protection Bureau (CFPB) announced that it will extend some credit card consumer protection rules to Buy Now, Pay Later (BNPL) lenders, aiming to enhance oversight of the rapidly expanding sector. BNPL providers such as Affirm, Klarna, and Afterpay, which partner with retailers to offer... Read More »
Actress Riley Keough, the granddaughter of Elvis Presley, has initiated legal action to prevent the foreclosure sale of the iconic Graceland mansion, labeling the proceedings as “fraudulent.” In a lawsuit filed in Tennessee court last week, Keough alleges that the foreclosure was prompted by false claims from a company called... Read More »
The Supreme Court, on Tuesday (May 14), allowed Texas to immediately begin enforcing a controversial immigration law, Senate Bill 4 (S.B. 4), which permits state officials to arrest and detain individuals suspected of entering the country illegally. This decision represents a temporary victory for Texas in its ongoing battle with... Read More »
On Tuesday (May 14), Elon Musk was ordered by a federal court to testify once more in the U.S. Securities and Exchange Commission (SEC) 's ongoing investigation into his acquisition of Twitter, now known as X. The directive comes amid intensifying scrutiny over Musk's 2022 purchase of the social media... Read More »
On Friday, Google and the U.S. Justice Department were in court over allegations that the tech giant unlawfully maintained a monopoly in search advertising. The proceedings, held before U.S. District Judge Amit Mehta in Washington, D.C., mark a critical moment in one of the most significant antitrust trials in recent... Read More »
In a significant policy shift, the Biden administration announced that it will extend access to federally run health insurance programs to certain immigrants brought illegally to the U.S. as children, also known as "Dreamers." This move, set to take effect on November 1, could potentially benefit an estimated 100,000 previously... Read More »
HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway, is now embroiled in a new proposed class-action lawsuit filed in Miami federal court. This lawsuit accuses the real estate brokerage of engaging in practices that allegedly inflate the cost of buying homes in the United States. This legal challenge... Read More »
On Tuesday, Changpeng Zhao, the former chief executive of Binance, the world’s largest cryptocurrency exchange, was sentenced to four months in prison after pleading guilty to charges of violating U.S. anti-money laundering laws. The sentence was handed down by U.S. District Judge Richard Jones in Seattle. Zhao, often referred to... Read More »
On Tuesday, the Federal Trade Commission (FTC) issued a landmark final rule that bans noncompete clauses nationwide, heralding a major shift in labor and competitive practices across the United States. This move aims to enhance worker mobility, stimulate innovation, and encourage the formation of new businesses. FTC Chair Lina M.... Read More »
The U.S. Supreme Court appeared divided as it revisited the contentious issue of abortion access, weighing Idaho's strict abortion ban against the federal Emergency Medical Treatment and Labor Act (EMTALA), which mandates that patients receive necessary emergency care. The justices heard arguments in an appeal by Idaho officials against a... Read More »
TikTok has voiced strong opposition to a bill passed by the U.S. House of Representatives. The bill aims to ban the app unless its Chinese owners, ByteDance, divest their stake within a stipulated timeframe. The bill cleared the House with a significant majority of 360 to 58 and is now... Read More »
The 10th U.S. Circuit Court of Appeals ruled on Thursday that Bank of America's (BofA) use of the name "Erica" for its virtual banking assistant does not infringe on the rights of a website creator who owned an earlier trademark for "Erica." The case involved plaintiff Erik Underwood, who developed... Read More »
The owner and manager of the cargo ship involved in the catastrophic collision with Baltimore’s Francis Scott Key Bridge have filed a court petition to limit their financial liability. Singapore-based Grace Ocean Private Ltd., the owner of the vessel named the Dali, and Synergy Marine Pte Ltd., the ship's manager,... Read More »
A contentious Texas law aimed at allowing state authorities to arrest and prosecute individuals suspected of illegally crossing the U.S.-Mexico border remains on hold following a recent decision by the 5th U.S. Circuit Court of Appeals. The law, known as S.B. 4, has ignited a fierce dispute between the state... Read More »
OpenAI, the artificial intelligence research lab, has publicly responded to Elon Musk's recent lawsuit with a detailed blog post, including emails that suggest Musk was supportive of the organization's shift towards a for-profit model. Musk, a co-founder of OpenAI, initiated legal action against the startup, accusing it of deviating from... Read More »
