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The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard. The settlement stems from a 2005 lawsuit that ...
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
June 26, 2024 at 11:14 AM. NEW YORK (AP) — A federal judge said she's not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants ...
The settlement is in addition to a 2023 financial $5.54 billion settlement between Visa and Mastercard and 18 million businesses that accepted Visa or Mastercard during a 15-year period up to Jan ...
The judge rejected the settlement offer, questioning the lack of transparency of the details of the settlements, as well as high costs recouped by the lawyers through the settlement. [50] Yahoo agreed to settle for $117.5 million in April 2019, again offering affected users credit monitoring and a cash payout that depended on the number of ...
The area of focus SoloSuit landed on, however, was debt lawsuits. Every year, 10 million Americans get sued for debt and 9 million automatically lose because they aren’t able to figure out how ...
American Express, Discover, Mastercard and Visa have teamed up to create the new option for fast, secure online purchases. Their vision is to have one standard checkout button across all online ...