A federal judge has temporarily blocked Elon Musk’s government efficiency group from accessing the U.S. Treasury’s payment system. The ruling Saturday (Feb. 8) came after a group of 19 attorneys general from Democrat-controlled states sued President Donald Trump and the Treasury, arguing that Musk’s Department...
A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief information officer Diane Offereins, also claims the payments giant used her as a “scapegoat” for...
The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex...
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class action lawsuits in the United States — brought on behalf of merchants can proceed, Reuters...
June 10, 2024
The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex series of events that will stress-test the very concept of […]
November 28, 2017
Wherever you might come down on the current controversy over who’s really in charge at the CFPB, you have to admit it’s driven no shortage of headlines. Some of our favorites:...
September 04, 2017
Today, nationwide, Americans are celebrating the joys of hard work and earning an honest day’s living by sleeping late, going one last time to the beach and soaking up the last of...
February 24, 2025
Twenty-three state attorneys general have joined a lawsuit fighting the shutdown of the CFPB. In an amicus brief filed last week, the states argue that closing the Consumer Financial Protection Bureau (CFPB) would harm consumers and make consumer protection laws harder to enforce. “Eliminating the CFPB will hurt everyday people and benefit billionaires like Elon […]
February 10, 2025
A federal judge has temporarily blocked Elon Musk’s government efficiency group from accessing the U.S. Treasury’s payment system. The ruling Saturday (Feb. 8) came after a group of 19 attorneys...
September 05, 2024
A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief...
June 07, 2024
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class...
