The IRS has been using a John Doe summons to get access to taxpayers’ bitcoin information and is now using the same tactic to get debit card information. According to a report by Forbes, a federal court in Montana gave the IRS permission to serve Michael...
Swedish biometrics firm Fingerprint Cards, a global market leader in biometric sensor technology for smartphones, announced on Monday (Jan. 23) that the company’s former chief executive officer and a current board member had both been taken into police custody on suspicion of aggravated insider trading....
The U.S. government’s request to a federal appeals court to rethink a ruling that paves the way for American Express to prevent merchants from steering customers to credit cards that have lower fees was struck down Thursday (Jan. 5). According to a report by Reuters, the 2nd...
New developments in the IRS Coinbase summons. In mid-November of this year, the IRS sought access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. It filed a petition in the District Court for the Northern District of...
The Supreme Court ruled on a bank fraud case earlier in the week that had to do with an online scheme designed to steal funds from bank customers’ accounts. According to a report by Forbes, the Supreme Court decided in the bank fraud case Shaw v. United...
Source: Competition Policy International The U.K.’s Competition Appeal Tribunal (CAT) has denied Mastercard’s bid to appeal its July judgment awarding U.K. grocery chain Sainsbury’s Supermarkets damages of more than £68 million in its suit over the credit card company’s interchange fees. Sainsbury’s won its claim against...
A U.S. unit of French cosmetics giant L’Oréal is being sued by a small California firm, The Wall Street Journal reported, alleging that L’Oréal copied a hair product. Olaplex, the company that lodged the suit in the U.S. District Court for the Central District of...
Visa, Mastercard and banks in the U.S. are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. According to a report by Fortune, last week, the Supreme...
American Express is facing a push by the Retail Litigation Center (RLC) and the National Retail Federation (NRF) to have the full 2nd U.S. Circuit Court of Appeals take up a lawsuit over rules that prevent retailers from encouraging customers to use credit cards that don’t...
