Wells Fargo recently clawed back an additional $75 million in executive pay from two former high-level employees as part of the latest fallout from ongoing investigations into the company’s sales practices, namely the unauthorized accounts scandal that arose last year. On Monday, Wells Fargo’s board...
In today’s fast-moving economy, there aren’t many people who are likely to be carrying around cash. As such, most people who use credit cards have run into the issue of fees being tacked on by businesses for charges under ten dollars. Credit card companies have long...
With the rise of the sharing economy, there are undoubtedly several industries that have been disrupted, and some are rightfully upset. This is why it comes as no surprise that several taxi owners have been up in arms about ridesharing services like Uber and Lyft. While...
A new court document filed by Uber indicates that the company thinks some parts of the case between Waymo and Uber/Otto can be handled by arbitration, said The New York Times. It all started earlier this year when Waymo, Google’s self-driving car research division gone solo, sued self-driving...
The U.S. Department of Justice’s (DOJ) Antitrust Division has reportedly received approval to delay the deadline to file a petition for a writ of certiorari over the 2nd U.S. Circuit Court of Appeals’ decision in the years-old antitrust case against American Express. In short, the rules...
Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and $2.87 million to Delaware — to resolve predatory subprime auto loan allegations. “I think the scope of the settlement and...
Pay Per Swipe, the mobile advertising company that makes ads that appear on locked smartphone screens, has filed a lawsuit against TCT Mobile for allegedly breaching a contract and for engaging in unfair business practices. According to a report, the lawsuit contends that TCT, which shares...
If innovation is the lifeblood of tech and of commerce in general, patents are the lifeblood of less than savory characters known as patent trolls. PYMNTS caught up with LOT Network’s CEO Ken Seddon to see why joining the “herd” of companies banding against patent...
In 1992, a discussion about buying marijuana was pretty straightforward. Back then, it was illegal and socially stigmatized. Walking into a storefront to buy it was pretty much out of the question — unless you happened to be connecting thru Amsterdam. Most transactions occurred on street corners...
