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Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...
The Federal Reserve Bank of New York reports that card debt hit a record high of $1.13 trillion in the fourth quarter of 2023. If you’re one of the many Americans overwhelmed by credit card debt ...
James Walden (born January 19, 1966) is an American lawyer. [3] [4] After serving in the U.S. Department of Justice as an Assistant U.S. Attorney for the Eastern District of New York from 1993 to 2002, he entered private practice where he was involved in several prominent white-collar and antitrust cases in addition to a series of cases seeking governmental reform.
Cadwalader, Wickersham & Taft LLP (known as Cadwalader) is a white-shoe law firm based in New York City. It is the city's oldest law firm [4] [5] and one of the oldest continuously operating legal practices in the United States. [6] Attorney John Wells founded the practice in 1792.
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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.
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