Uber’s cab-hailing service is “probably illegal” in Hamburg, Germany, an administrative court there said on Wednesday (Aug. 27), according to the Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
At least 10 states, led by Connecticut, Illinois and Florida, are investigating a large-scale data breach at eBay that was revealed in May, according to according to EcommerceBytes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A large Oklahoma-based payment processor will pay $7 million to settle charges that it helped collect illegal fees charged to consumers by debt-settlement companies, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Operation Choke Point has thrown light on several schisms in how banking is regulated, according to American Banker. The controversial program is putatively an attempt to regulate lenders that have a historical tendency towards being unscrupulous—the primary target that Justice Department officials refer to is...
American Express will pay between $4 million and $6 million to settle claims that it increased consumers’ fixed-interest rates to a higher, variable rate without permission or notification, Law360 reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Former Aeropostale executive vice president and chief marketing officer Christopher Finazzo wassentenced on Wednesday (Aug. 20) to eight years in prison for his role in a kickback scheme. Finazzo was convicted of receiving more than $25 million in kickbacks from a clothing supplier in exchange...
China’s National Development and Reform Commission (NDRC)stated on Wednesday (Aug. 20) that 12 Japanese auto parts makers have been fined 1.24 billion yuan ($202 million) for their involvement in an alleged price-fixing scheme. Sumitomo Corp., Mitsubishi Electric Corp. and Denso Corp. are some of the...
In the wake of the payments-related data breach at the Supervalu grocery chain, the company has been hit with a class-action lawsuit, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The number of jobs on banks’ anti-money laundering teams is up 54 percent in 2014 year-to-year in the U.K. following a string a scandal and heavy fines for British Banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
