After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. At the agency’s request, a federal court...
Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). Get the...
As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small Business Administration (SBA) and the U.S. Treasury Department. Get the Full Story Complete the form to unlock this article and...
As the coronavirus started sweeping across the U.S. in March, universities moved classrooms online and locked the doors. Many students, however, don’t feel they are getting a return on their tuition investment and have launched lawsuits demanding reimbursement. Get the Full Story Complete the form...
A little-known Puerto Rican company, Bitcoin Manipulation Abatement (BMA), has filed a lawsuit against Ripple, accusing the blockchain firm of breaking rules when it ran a recent securities sale, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
WeWork Co-founder Adam Neumann has launched a legal battle with his company’s biggest investor, SoftBank Group Corp., charging that it has wrongfully reneged on a bailout deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
More than 770 lawsuits are piling up against hospitals, nursing homes, gyms, airlines and cruise lines in the U.S. due to the coronavirus, alleging various kinds of neglect or mistreatment, according to the U.K.’s Daily Mail. Get the Full Story Complete the form to unlock...
A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube, alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. Get the Full Story Complete the form to...
