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29 Mar 2024, 6:00 am by Michelle
The companies this week announced an agreement to cap credit-card swipe fees and allow merchants to steer consumers to cheaper payment options in order to end multidistrict litigation dating back to 2005. [read post]
Last month, the Supreme Court of Maryland delivered a pivotal ruling defining the scope of the Maryland Telephone Solicitations Act (MTSA), holding that the act extended to inbound calls initiated by consumers who engaged with merchant advertisements. [read post]
25 Mar 2024, 2:07 pm by Julian Morris
In a recent guest essay for The New York Times, Aaron Klein of the Brookings Institution claims that the merger between Capital One and Discover would “keep intact the broken and predatory system in which credit card companies profit handsomely by rewarding our richest Americans and advantaging the biggest corporations. [read post]
21 Mar 2024, 7:00 am by Class Action Defense
Consumer fraud class actions typically involve a class of consumers who believe they were participating in a legitimate business transaction, but, due to a merchant or company’s … Continue reading "Introducing The Duane Morris Consumer Fraud Class Action Review – 2024! [read post]
18 Mar 2024, 6:30 am by Will Newman
These lawsuits expose defendants to a lot of liability, and so many companies get insurance to pay for the inevitable litigation that ensues from making and selling a product. [read post]
12 Mar 2024, 8:01 am by Yosi Yahoudai
The other involved a Maltese-flagged merchant vessel that was hijacked in the Arabian Sea last and moved to the same area off Somalia’s coast. [read post]
8 Mar 2024, 6:00 am by Scott Shaffer
Jonathan Braun, decided on February 6, 2024 in the Southern District of New York after a jury trial, a federal court entered a judgment requiring merchant cash advance company owner Jonathan Braun to pay $20.3 million in monetary relief and civil penalties for misleading small businesses and unlawfully seizing their assets. [read post]
7 Mar 2024, 4:29 am by Beatrice Yahia
Central Command (CENTCOM) said it “conducted self-defense strikes against two unmanned aerial vehicles in a Houthi controlled area of Yemen that presented an imminent threat to merchant vessels and U.S. [read post]
6 Mar 2024, 5:59 am by Satya Marar
Though it does continue to distinguish itself by not charging annual fees, the company’s 1990s-era strategy of branding itself as a lower-fee alternative to Amex that could attract merchants by charging them lower fees to use its network were hampered by Amex’s use of vertical-trade-restraint contracts with merchants. [read post]
5 Mar 2024, 5:01 am by Beatrice Yahia
The detective, who was a former public servant, allegedly gathered information on Middle Eastern companies and individuals in Turkey, placing tracking devices and engaging in surveillance, the agency said. [read post]
1 Mar 2024, 8:25 am by Public Employment Law Press
READ MORE   Lobbyists Spent $24.9M to Sway Kentucky Legislators Last Year Companies, nonprofit organizations and other groups spent a record amount to influence the state’s General Assembly last year, with Kentucky Merchants and Amusement Coalition topping the list with $483,324 spent. [read post]
1 Mar 2024, 8:25 am by Public Employment Law Press
READ MORE   Lobbyists Spent $24.9M to Sway Kentucky Legislators Last Year Companies, nonprofit organizations and other groups spent a record amount to influence the state’s General Assembly last year, with Kentucky Merchants and Amusement Coalition topping the list with $483,324 spent. [read post]
1 Mar 2024, 6:00 am by Michelle
That “blurring” of the roles of payments companies and banks could lead to a financial crisis similar to the one in 2008. [read post]
28 Feb 2024, 5:00 am by Bob Ambrogi
In launching this product, MyCase is partnering with the credit card company Visa and with the card-issuing platform Marqeta. [read post]
Surcharge Price Cap: Second, the law provides that any such surcharge may not exceed the amount of the surcharge charged to the business by the credit card company for such credit card use. [read post]
Supply Chain Intermediaries and Complex Corporate Structures: The increase in third-country supply chain intermediaries, shell companies, and multilayered management and ownership companies has allowed OPC circumventors to profit off of Russian oil with little transparency. [read post]
23 Feb 2024, 7:00 am by Jonathan L. Pompan and Ari N. Rothman
State attorneys general are examining the roles affiliates, merchants, and/or networks play in knowingly facilitating unfair and deceptive practices. [read post]
23 Feb 2024, 6:00 am by Michelle
 Under the act, merchants that impose a credit surcharge fee are required to post prices inclusive of the surcharge fee. [read post]