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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 ...
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 ...
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]
As of January 24, 2010, Prosper reported that 22.45% of all money lent since inception had been charged off and an additional 2.51% was delinquent but not yet charged off. Charge-off rates by credit score category ranged from 11.57% of money lent to borrowers with a credit score of 760 or higher to 44.30% of money lent to borrowers with a ...
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 ...
As of the end of 2023, 6.36% of U.S. credit card debt was considered more than 90 days delinquent. The delinquency rate is now at the highest in the U.S. it has been in over a decade.
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 ...
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