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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 ...
The New York Legal Assistance Group (NYLAG) is a non-profit organization that provides free civil legal services to low-income New Yorkers.Its services include direct representation, case consultation, advocacy, community education, training, financial counseling, and impact litigation.
Case study: Debt consolidation for $25,000 in credit card debt Joanne has $25,000 spread across four credit cards with interest rates between 18% APR to 24% APR. Her minimum payments totals $750 ...
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 ...
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.
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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