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Merchants Score Victory Over Visa and MasterCard as Court Tosses $7.25bn Interchange Settlement

Merchants score victory over Visa and MasterCard as court tosses $7.25bn interchange settlement In a win for merchants, a US federal appeals court has killed off a $7.25 billion class action settlement over interchange fees between millions of retailers and Visa and MasterCard. The huge settlement over claims that the card schemes had improperly fixed credit and debit card swipe fees was agreed …


Wendy’s Hit by Class Action Lawsuit Over Massive Credit Card Breach

Veridian Credit Union recently filed a class action lawsuit against Wendy’s in response to a credit card breach that hit the fast food vendor’s point of sale (POS) systems starting in the fall of 2015, Law360 reports. The class action, filed on behalf of all U.S. financial institutions whose customers were affected by the breach, claims that Wendy’s failed to prevent the breach by updating its …


Want to Sue Your Bank? Regulators Push to Make It Easier

If government regulators get their way, it’s going to become a lot easier to sue your bank. By and large, U.S. bank customers have signed away their right to sue their bank in court, often without being aware of it. Buried in the fine print of credit card agreements, bank accounts and insurance policies are what are known as binding, or mandatory, arbitration …



Judge Ruth Denies Request for Defense Litigation Plans in MC Class Action; Says Motion to Compel Premature in Dispute Over Extra $1 FOID Card Fee

Madison County Circuit Judge Dennis Ruth denied an Illinois resident’s motion to compel the state’s treasurer and Firearms Services Bureau chief to provide their litigation plans and personal information on all Illinoisans who were charged $1 more than state statute allows when they applied for a firearm owner idenficiation card (FOID). Wood River attorney Thomas Maag filed the class action on …


Bose Cooperating With Plaintiffs in Class Action, Attorney Says

A class action lawsuit against Bose Corp. for alleged violations of a California law designed to protect consumers’ privacy and personal information may be moving toward a resolution as lawyers for both sides have had cooperative discussions about the case, the plaintiffs’ attorney said. “They have not admitted any fault,” attorney E. Elliot Adler of the Adler Law …


Federal Appeals Court: PF Chang’s Can Be Sued Over Potential ID Theft From Data Breach

A Chicago federal appeals panel has given the P.F. Chang’s restaurant chain a case of legal indigestion, by reversing a district court’s dismissal of a class action suit brought by two diners, who claimed they were vulnerable to identity theft, because the chain’s allegedly poor data security allowed hackers to obtain diners’ debit and credit card information. The decision was delivered April …




KEL Law Firm Broke Rules on Bankruptcy Fees, Lawsuit Alleges

Orlando-based KEL law firm routinely allowed its clients to pay bankruptcy legal fees using credit cards, a violation of bankruptcy law, according to a new lawsuit filed against the firm. Credit card purchases are basically new debts, and new debts are prohibited in the days before filing a bankruptcy, and during the bankruptcy process. That’s because bankruptcy courts often erase any credit…