Search for: "The Merchants Company"
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3 May 2024, 6:00 am
The companies opposed the settlement in a series of filings on Friday in Brooklyn, New York, federal court, where Visa and Mastercard have battled claims since 2005 that they artificially inflated some fees on merchants in transactions involving consumers’ credit or debit cards. [read post]
26 Apr 2024, 6:00 am
The organizational restructuring, teased this week, will remove a buffer between the units and the head of the agency, potentially allowing the CFPB to act faster in going after the wide array of companies under its purview. [read post]
21 Apr 2024, 2:33 pm
Amazon is the largest U.S. e-commerce company, accounting for nearly 40% of all online goods sold in the U.S., according to research firm eMarketer. [read post]
20 Apr 2024, 6:37 pm
Where Western companies moved slowly toward agreements, sought externalfinancing, and had extensive regulations that governed everything from environmental protectionto anti-corruption statutes, Chinese companies were one-stop shops in league with thegovernment, they were happy to build things quickly if not always well, and they were open tothe costs of doing business in an environment with extensive patronage networks. [read post]
16 Apr 2024, 1:00 pm
It simply provides that any vendor who wishes to sell books to public schools must answer certain questions prior to the sale—just as ordinary consumers often ask questions of merchants before deciding whether to make a purchase. [read post]
12 Apr 2024, 6:00 am
Roger Marshall of Kansas, have been angling to put Visa CEO Ryan McInerney and Mastercard CEO Michael Miebach in the hot seat before the committee to have them explain how their companies impose fees on merchants every time a credit card is swiped by consumers. . . . [read post]
9 Apr 2024, 12:06 am
His books include “The Curse of Bigness: Antitrust in the New Gilded Age” (2018), "The Attention Merchants: The Epic Scramble to Get Inside Our Heads” (2016), “The Master Switch: The Rise and Fall of Information Empires” (2010), and “Who Controls the Internet? [read post]
5 Apr 2024, 9:48 am
” Then, when providing the specific description of services in line item #34, companies should either: provide a specific description such as “cannabis flower invoice to ______”; or if the company does not want to include the word cannabis/marijuana in the specific description, use NAICS code 11 – “Agriculture, Forestry, Fishing and Hunting” or use a more appropriate subcategory code such as 424590 – “Other Farm Product Raw… [read post]
5 Apr 2024, 6:00 am
The card company plans to raise its network “assessment” fee to 0.14% from 0.13%, equating to an annual increase of $259.1 million, based on the more than $2 trillion in Mastercard transactions last year, according to the Merchants Payments Coalition, a Washington-based group of retailers that advocates against higher payments fees. [read post]
29 Mar 2024, 4:56 pm
American Express sued in merchants’ class-action over ‘swipe’ fees. [read post]
29 Mar 2024, 6:00 am
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]
28 Mar 2024, 7:00 am
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
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
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
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
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
“Are they a payments company? [read post]
8 Mar 2024, 6:00 am
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
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, 5:20 pm
Roman merchants and shipowners faced similar risks as their Phoenician predecessors. [read post]
