Search Results for: credit cards

A recent case out of the Eleventh Circuit Court of Appeals foreshadows what will be one of the most important policies of the twenty-first century – how will America decide to govern its data? In Tan Tsao v. Captiva MVP Restaurant, the plaintiff sued on the grounds that he was harmed after a group of [...]

Since the attacks on the Capitol on January 6th, calls both for and against expanded domestic terrorism authorities have proliferated. Proponents argue that we have allowed bias and blindness to open us to a steadily expanding domestic terror threat and that we need the capabilities provided in the international context. Opponents have pointed out that [...]

The US Securities and Exchange Commission (SEC) announced fraud charges Wednesday against a New York-based jewelry wholesaler who allegedly operated a “fraudulent Ponzi-like scheme in which he raised at least $69 million from at least 80 investors, including a number of current and retired police officers and firefighters.” According to the SEC’s complaint, Gregory Altieri, [...]

Mastercard may be required to pay up to 14 billion pounds ($18.5 billion) after the UK Supreme Court allowed a class action lawsuit to go forward Friday. The lawsuit, which covers 46 million UK adults, was initially blocked by the Competition Appeal Tribunal (CAT) on grounds that the class action case would be too complex [...]

The US Department of Justice (DOJ) filed a civil antitrust lawsuit Thursday to block credit card giant Visa’s acquisition of Plaid. According to the DOJ, Visa is a “monopolist in online debit services, charging consumers and merchants billions of dollars in fees each year to process online payments.” Plaid is a “successful fintech firm” that [...]

The Government Sponsored Enterprises (GSE) patch is likely to expire in January 2021. This change poses concerns to many individuals, as it would make access to mortgages more challenging for less qualified, but still worthy candidates. For background, the GSE patch overrides the 2013 Consumer Financial Protection Bureau (CFPB) rules intended to reduce the risk [...]

The novel coronavirus pandemic is not only causing tens of thousands of deaths worldwide, damaging economies and disrupting normal lifestyles of people, but it is also posing several legal challenges. One such challenge is the right to privacy vs. the right to public health. Aggressive and intrusive contact-tracing mechanisms of governments worldwide during this acute [...]

“A civilization that proves incapable of solving the problems that it creates is a decadent civilization.” Aimé Césaire wrote this in his critique of colonialism. Close examination of the legacy of colonialism helps explain the disparate impact of the current healthcare crisis based on race and class. The sick and dying in the US are [...]

The US Department of Justice (DOJ) took its first steps to combat COVID-19 related fraud on Saturday by filing a complaint in the US District Court for the Western District of Texas against an online company offering vaccine kits in exchange for a $4.95 shipping charge. Currently, the World Health Organization has not approved any [...]

The Federal Reserve announced on Monday it is taking several steps to enhance access to credit and liquidity for consumers, municipalities, and small and large businesses. In its statement, the Federal Reserve said, “While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive measures must be taken across the [...]