A federal judge denied American Express’ motions to compel arbitration and to dismiss a federal antitrust lawsuit brought by 5-Star General Store on behalf of more than 5,000 merchants. U.S. District Judge Mary S. McElroy ruled Monday (Dec. 2) that American Express was in default...
The fact that instant disbursements are overwhelmingly preferred by consumers isn’t much of a surprise. When stacked up against a paper check, money that is instantly loaded to one’s digital account of choice seems an obviously superior option. After all, when it comes to collecting...
A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. customers to lock in home interest rates when their mortgage applications were delayed. Reuters reported news that Victor Muniz alleges that he was charged $287.50 for a...
Bitcoin may be volatile, but as India goes cashless, the cryptocurrency might find its way into the arsenal of legal tender not tied to paper and coins. And, in the United States, wrangling over the CFPB’s mandate paving the way for class action suits in...
January 14, 2020
The fact that instant disbursements are overwhelmingly preferred by consumers isn’t much of a surprise. When stacked up against a paper check, money that is instantly loaded to one’s digital account of choice seems an obviously superior option. After all, when it comes to collecting money, it’s expected that consumers will want it sooner rather […]
July 17, 2017
The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and Barclays begins ring-fencing efforts.
July 11, 2017
Speak softly and carry a big rule. The CFPB yesterday proclaimed that arbitration is dead and long live class action law suits and the trial bar. And a rule that...
January 13, 2025
Apple is in court in the U.K. this week defending itself against monopoly-related charges. As Bloomberg News reported Monday (Jan. 13), the potentially $1.8 billion class action suit before London’s Competition Appeal Tribunal accuses the tech giant of holding millions of iPhone and iPad users “captive” and forcing them to pay excessively high App Store commissions. “It has […]
December 03, 2024
A federal judge denied American Express’ motions to compel arbitration and to dismiss a federal antitrust lawsuit brought by 5-Star General Store on behalf of more than 5,000 merchants. U.S....
August 30, 2017
A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. customers to lock in home interest rates when their mortgage applications were...
December 27, 2016
The Consumer Financial Protection Bureau will likely finalize rules that prohibit financial institutions from implementing arbitration clauses that stop consumers from filing class-action lawsuits before president-elect Donald Trump takes office on Jan....
