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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 ...
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 ...
August 14, 2024 at 2:34 PM. By Tom Hals and Jonathan Stempel. WILMINGTON, Delaware (Reuters) -Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for ...
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 ...
The company filed court papers on January 22, 2009, alleging losses were $20 billion (~$27.6 billion in 2023), and the company requested that it pay nothing of the tax debt, stating that the IRS could owe WaMu Inc. a tax refund. [208] In a 2010 settlement between Wash. Mutual Inc. (in receivership), the FDIC, and JPMorgan Chase, a tax refund of ...
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late payment fees at $8 for the biggest card issuers after inviting public comment on the ...
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