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The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [23] That settlement was reversed. Currently one for US$6.24 billion is scheduled to go before the district court on November 7, 2019. [24]
The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.
The US Department of Justice filed a lawsuit accusing Visa of engaging in anticompetitive behavior.. Prosecutors say the financial giant's monopolistic actions affect "the price of nearly everything."
price fixing and other allegedly anti-competitive trade practices in the credit card industry: 2012 Pigford v. Glickman: racial discrimination in its allocation of farm loans and assistance: 1999/2010 Price v. Philip Morris, Inc: cigarette company advertising class action led by plaintiff's attorney Stephen Tillery resulted in $10.1 billion ...
Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to being drained by thieves. Ira Schuman, who leads the proposed ...
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
On Wednesday, the Consumer Financial Protection Bureau (CFPB) announced significant measures to protect consumers from deceptive credit card practices and help them save money on interest and fees.
A federal judge in a Texas court that has become a favorite for conservative challenges to Biden administration policies transferred a lawsuit challenging a rule curbing credit card late fees to a ...
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