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The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
The lawsuit was a challenge to a 2011 regulation of the Federal Reserve Board setting the maximum fees that large banks can charge merchants for a debit-card transaction, [4] but the question before the Supreme Court was limited to whether the case was properly dismissed because of the statute of limitations. [5]
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 [ 2] countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 ...
June 26, 2024 at 11:14 AM. NEW YORK (AP) — A federal judge said she's not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants ...
May 29, 2024 at 1:21 PM. By Nate Raymond. (Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to ...
When Google (GOOG) reportedly offered to buy Groupon for $6 billion, board members stood to make millions of dollars each. Co-founders Brad Keywell and Eric Lefkofsky could have walked away with ...
The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...
During Thursday's State of the Union address, President Joe Biden said he backs the Consumer Financial Protection Bureau's proposal to cap credit card late fees to $8 per missed payment.. The CFPB ...