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Legal
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Case Against Big Banks Overcharging on Corporate Bonds Revived
July 02, 2024

A lawsuit accusing 10 banking giants of overcharging investors on corporate bonds has been resurrected. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

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Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. Get the Full Story Complete...

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DOJ Announces Sentencing in Former Outcome Health Executives’ Fraud Convictions
July 01, 2024

The Department of Justice (DOJ) has announced the sentences handed down to three former executives of Chicago-based health technology startup Outcome Health, who were convicted on fraud charges in April 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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FTC Charges 2 Groups of Defendants, Alleging Unauthorized Billing Scheme
July 01, 2024

The Federal Trade Commission (FTC) filed a complaint against two groups of defendants, alleging they participated in an unauthorized billing scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

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SEC Charges Web3 Firm Consensys With Unregistered Sale of Securities
June 28, 2024

The Securities and Exchange Commission (SEC) sued Consensys Friday (June 28), charging the blockchain and Web3 software company with engaging in the unregistered offer and sale of securities and with operating as an unregistered broker. Get the Full Story Complete the form to unlock this article and...

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Rejected: Judge Nixes $30 Billion Swipe Fee Settlement
June 25, 2024

Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...