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The rule deals with what the CFPB has called "excessive" fees credit card issuers charge for late payments, something the consumer protection agency estimated costs consumers $12 billion a year.
May 29, 2024 at 1:21 PM. By Nate Raymond. (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to ...
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market ...
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 ...
Fri, Jan 14, 2022 · 3 min read. serg3d via Getty Images. Three PayPal users who've allegedly had their accounts frozen and funds taken by the company without explanation have filed a federal ...
PayPal has been hit with a class action lawsuit ... charge $5.83 for a box of Kleenex when PayPal is used as the payment method, and less than $5.83 when the consumer paid with credit card or ...
Image Credits: Grubhub. Washington D.C. Attorney General Karl Racine announced today that his office filed a lawsuit against Grubhub for “misleading District residents and taking advantage of ...
Charge-off. A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.