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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 ...
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 ...
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 ...
In 2011, a lawsuit against MyLife said the company was engaging in false advertising practices, similar to what was alleged in a 2008 Classmates.com class-action lawsuit. [10] [11] The suit also accused the MyLife of false solicitation by offering monthly memberships and then charging member's credit cards at the annual rate. [12]
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.
Friendly fraud. Friendly fraud, also known as chargeback fraud occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the financial transaction, and the consumer receives a ...
During Thursday's State of the Union address, President Joe Biden said he backs the Consumer Financial Protection Bureau's proposal to cap credit card late fees to $8 per missed payment.. The CFPB ...
Instacart is facing a lawsuit from Washington, D.C. Attorney General Karl A. Racine that alleges the company charged customers millions of dollars in “deceptive service fees” and failed to pay ...