RILA Opts Out of Interchange Fee Settlement
The Retail Industry Leaders Association (RILA) has backed out of a pact with Visa, MasterCard and other major credit card providers. The class-action settlement for $7.25 billion was designed to make...
View ArticleCFPB Studying Arbitration Clauses in Financial Services Agreements
New research from the Consumer Financial Protection Bureau shows that arbitration clauses are commonly used by large banks in credit card and checking account agreements, but almost 9 out of 10 clauses...
View ArticleCFPB Study Verifies the Need for Arbitration Clause Reform
The Consumer Financial Protection Bureau has released a study that verifies just how important it is for the government to reform mandatory arbitration clauses in credit card agreements. The study...
View ArticlePayPal Settles Class Action Suit for Improper Account Holds
The five-year-long class action suit against PayPal is finally coming to a close. In the class action case of Zepeda vs. PayPal, both parties have agreed to a settlement with regards to allegedly...
View ArticleTarget’s Class Action Settlement In Danger
Target’s $17 million class action settlement, which would have resolved consumer claims over a 2013 data breach, is imperiled. The Eighth Circuit Court has identified a possible conflict of interest....
View ArticleHome Depot Reaches $25 Million Settlement with Banks
Last week, Home Depot reached a settlement with banks in a class action lawsuit filed after a 2014 data breach, which exposed the account information of 56 million customers. The home improvement...
View ArticleWells Fargo Increases Class Action Settlement to $142 Million
Wells Fargo has increased its class action settlement for unauthorized account creation to $142 million, up from the $110 million announced in late March. The settlement now covers a new group of...
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Visa, Mastercard Reach $6.2 Billion Settlement on Swipe Fee Class Action Suit
Visa, Mastercard and other financial institutions have reached a $6.2 billion settlement in a longstanding class action suit regarding merchant swipe fees. The companies previously agreed to a $7.25...
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