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The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [23] That settlement was reversed. Currently one for US$6.24 billion is scheduled to go before the district court on November 7, 2019. [24]
A federal judge in a Texas court that has become a favorite for conservative challenges to Biden administration policies transferred a lawsuit challenging a rule curbing credit card late fees to a ...
Total settlement: $60 million. Deadline to file claim: May 18, 2023. Requirements: Must have been an unlimited data customer between Oct. 1, 2011 and June 30, 2015.
(Reuters) -The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington an industry ...
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation: price fixing and other allegedly anti-competitive trade practices in the credit card industry: 2012 Pigford v. Glickman: racial discrimination in its allocation of farm loans and assistance: 1999/2010 Price v. Philip Morris, Inc
Usually, lawsuits end in a settlement, with an empirical analysis finding that less than 2% of cases end with a trial, 90% of torts settle, and around 50% of other civil cases settle. [6] In American law, settlement agreements are normally private contracts , not court orders, except for consent decrees , which are relatively uncommon in the ...
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