Legal
OCC Preempts Escrow-Interest Laws in 14 Jurisdictions
OCC's May 15 final rules preempt interest-on-escrow laws across 14 jurisdictions, but circuit splits with the First and Ninth keep the fight open.
Legal — Page 10
Lawsuits, patent wars, and enforcement actions.
Legal
Cut Ring-Fence Rules: UK Treasury Frees £80B
UK Treasury plans to ease ringfencing rules, freeing £80 billion in lending capacity for banks that argued the post-2008 rules cost too much.
Legal
CISA Contractor Leaked GovCloud Keys on GitHub
A CISA contractor disabled GitHub's secret scanning before publishing AWS GovCloud admin keys and plaintext passwords to a public repository.
Legal
Stole 1.8M Fingerprints in NYC Hospital Breach
NYC's largest public health system had fingerprints and palm prints stolen, covering 1.8M people, with no explanation for why it stored biometrics.
Legal
Judge Fines Cliq $6.5M Over 2015 FTC Order
Federal judge fines Cliq $6.5M for violating its 2015 FTC consent order, far below the $52.9M sought, but no receiver and no industry ban.
Legal
Sued: Adani Executives Over $750M Bond Fraud
Adani Green sold $750M in bonds while its founder personally orchestrated bribe payments to Indian officials, the SEC alleged in late 2024.
Legal
Polis Cuts Peters' 9-Year Election Data Sentence
Judge Barrett called Peters a 'charlatan' who'd do it again. Colorado's governor cut her 9-year sentence anyway, after just 18 months.
Legal
Defies EO 14281: NYDFS Keeps NY Disparate Impact Rule
NYDFS is telling NY lenders that disparate impact still applies, directly contradicting Trump's EO 14281 and the CFPB's Regulation B rewrite.
Legal
Ruled: Jules Seals Section 3 FAA Stay Jurisdiction
Jules v. Balazs locks federal courts onto post-arbitration jurisdiction for stayed FAA cases, closing the Badgerow gap businesses feared.
Legal
Poisoned node-ipc Steals 690K Devs' Credentials
Three malicious node-ipc versions drain cloud keys, SSH creds, and CI/CD tokens via DNS; attacker hijacked an inactive npm maintainer's account.
Legal
Reqrea Exposed 1M Hotel Passports Without Password
Japanese startup Reqrea left 1 million hotel passports in a public S3 bucket anyone could read. Its investigation has no published timeline.
Legal
Cleared: CLARITY Act Advances, Coinbase Shares Surge
Senate committee cleared the CLARITY Act; banks are already lobbying to gut the stablecoin yield provisions before the floor vote.
Legal
Fined $53K Per Deepfake: FTC Enforcement Starts May 19
The FTC's $53,088-per-violation deepfake rule starts May 19, and compliance attorneys already know which way platforms will lean on this.
Legal
Clarity Act Cleared 15-9, Senate Floor Fight Next
Crypto's first federal rulebook passed committee 15-9, but needs 60 Senate floor votes and must clear a Trump family conflict-of-interest fight.
Legal
Disputes DOJ: Block Reserves $240M for Settlement
Block reserved $240M for a DOJ settlement it actively disputes, having already paid $295M to state and federal regulators for Cash App.
Legal
DOJ Indicts Dream Market's 'Speedstepper' on 12 Counts
The alleged 'Speedstepper' bought $1.7M in gold bars with Dream Market crypto proceeds. Now he faces 12 federal counts at up to 20 years each.
Legal
Jho Low, Still Fugitive, Files 1MDB Pardon Bid
Jho Low, the 1MDB fugitive charged in the largest-ever FCPA case, petitioned DOJ for a pardon while his co-defendants serve prison time.
Legal
Foxconn Confirms Nitrogen Stole 8TB, 11M Files
Nitrogen ransomware claims 8TB and 11M documents stolen from Foxconn, with Apple, Nvidia, and Intel design files allegedly in the haul.
Legal
Filed: SECURE Data Act Sets $25M Privacy Threshold
The SECURE Data Act would replace the state privacy patchwork with one federal standard for businesses above $25M revenue and 200,000 consumers.
Legal
ICO Fines South Staffordshire Water £963,900
ICO cut South Staffordshire's £963,900 fine by 40%, yet the breach ran undetected for 20 months while Cl0p ransomware exfiltrated 664k records.
