Legal
FDIC hits Farmers and Mechanics after 2-year losses
After three years in the red, Indiana's $116M Farmers and Mechanics Federal Savings Bank now needs FDIC sign-off on every exec hire.
Legal — Page 5
Lawsuits, patent wars, and enforcement actions.
Legal
Filed: NFHA, SolasAI Sue CFPB Over ECOA Rollback
Four plaintiffs including AI bias-detection firm SolasAI sued CFPB in D.C. to block the April rule stripping disparate impact from ECOA.
Legal
Exploited Palo Alto Flaw Flips to Critical
A PAN-OS authentication bypass rated medium on May 13 is now critical and actively exploited, with federal agencies ordered to patch by June 19.
Legal
EU Bars Amazon, Google, Microsoft From Cloud Bids
EU's Cloud and AI Development Act mandates EU-built software in public tenders, a direct shot at Amazon, Google, and Microsoft's state contracts.
Legal
Delayed Again: Illinois IFPA Pushed to 2027
Illinois legislators delayed the IFPA swipe fee ban a second year in a row, but OCC preemption means the 2027 date may mean little for national banks.
Legal
OMB Files Grant Rule: Agencies Cancel at Any Time
OMB's proposed rule hands political appointees full grant veto power, bans DEI and gender research, and lets agencies cancel awards at will.
Legal
Rejected: DFPI's True Lender Claim Against OppFi
LA Superior Court handed OppFi a clean win over DFPI's true lender attack on its FinWise Bank partnership, but DFPI has 60 days to appeal.
Legal
Kalshi, CFTC Sue Minnesota Over Felony Prediction Ban
The CFTC filed first and Kalshi filed second, and Minnesota is now fighting two federal preemption suits before its Aug. 1 felony ban takes effect.
Legal
GreenSky Pays $10M in Senior Lending Scheme
A $10M multistate settlement covers $6.5M in victim restitution, but GreenSky won't admit liability, pinning the scheme on 'prior ownership'.
Legal
Bonta Sues 23andMe Over 6.9M Genetic Data Breach
California's AG named a coding error in DNA Relatives, a five-month detection gap, and misleading public statements as the three pillars of the suit.
Legal
Paid No Ransom; ShinyHunters Leaked 4.9M Charter Accounts
Charter turned down ShinyHunters' ransom on 42 million Salesforce records, and the gang posted 4.9 million customer accounts on the dark web.
Legal
Carnival Breach Exposes 6M Holland America Records
One phished Carnival employee exposed 6 million records to ShinyHunters, who listed Carnival on a pay-or-leak portal weeks before disclosure.
Legal
DOJ Charged Google Engineer Over $1.2M Polymarket Bets
A Google engineer bet $2.7M on Polymarket using confidential search rankings and won $1.2M, until Discord figured out who AlphaRaccoon was.
Legal
Denied: Tesla Race Bias Case Goes to Trial July 20
Tesla submitted 228 sworn declarations to defeat the case. Ninety-nine of them confirmed the n-word was heard at Fremont. Trial starts July 20.
Legal
Arrested: Ajax Hacker Accessed 300K Fan Records
A 35-year-old from Buren is in custody after exploiting Ajax's bare APIs to access 300,000 fan records and put 42,000 season tickets at risk of theft.
Legal
Disrupted: Glassworm Poisoned 300 GitHub Repos for Two Years
Glassworm spent two years poisoning 300+ GitHub repos until CrowdStrike and Google killed all four of its C2 channels simultaneously.
Legal
Leaked 100K Passports, UK Visa Portal Sent Lawyers
A non-government UK visa portal exposed 100K passports on a public S3 bucket, then sent BakerHostetler instead of patching the server.
Legal
Confirmed: Charter Breach, ShinyHunters Claims 40M Records
Charter denies any sensitive data left its systems, but ShinyHunters claims 40 million records stolen and demands payment by May 27.
Legal
OMB Drops Federal Logging Mandate, Opens Six-Month Gap
OMB scrapped Biden's M-21-31 logging mandate before CISA's replacement is ready, giving agencies six months with no enforceable standard.
Legal
ShinyHunters Dumps 185K 7-Eleven Records After Ransom
ShinyHunters dumped 185,300 people's data after 7-Eleven refused ransom: names, dates of birth, and addresses from a Salesforce breach.
