February 20, 2015
by Valerie Howell
Judge Nicholas G. Garaufis of the Federal District Court for the Eastern District of New York decided on Thursday that American Express' practice of barring merchants from asking customers to use one credit card over another violated the Sherman Antitrust Act. All credit and debit cards companies ...[read more]
December 2, 2013
by Peter Snyder
Hearings in a multi-million dollar class action suit against Australia and New Zealand Banking Group Limited (ANZ) began Monday before the Federal Court of Australia in Melbourne. More than 43,000 ANZ customers have accused Australia's third largest bank of charging unconscionable fees, including " ...[read more]
November 10, 2012
by Jaimie Cremeans
A judge for the US District Court for the Eastern District of New York on Friday preliminarily approved a proposed settlement of $7.2 billion between merchants and Visa and Mastercard, which would be the largest settlement ever made in an antitrust case. This would end a seven-year class action ...[read more]
October 4, 2011
by Clay Flaherty
On October 4, 2010, the US Department of Justice (DOJ) filed a civil antitrust lawsuit in the US District for the Eastern District of New York against credit card companies Visa, MasterCard, and American Express. The lawsuit challenged the companies' internal policies which prevented merchants ...[read more]
March 26, 2010
by Patrice Collins
A judge for the US District Court for the District of Massachusetts on Thursday sentenced a computer hacker to 20 years in prison for his role in the one of the largest identity theft cases in US history. Judge Patti Saris also ordered Albert Gonzalez to pay $25,000 and serve three years of ...[read more]
November 28, 2009
by Safiya Boucaud
Enforcement of the Unlawful Internet Gambling Enforcement Act (UIGEA) was delayed Friday until June 1, 2010, according to a joint statement from the US Treasury Department and the Federal Reserve. The UIGEA, which bans banks and financial institutions from intentionally accepting payments from ...[read more]
October 23, 2009
by Patrice Collins
The US House Financial Services Committee voted 39-29 Thursday to approve a bill that would create a Consumer Financial Protection Agency. The agency would regulate mortgages, credit cards, and other consumer credit instruments. Businesses that offer financial services such as car and home ...[read more]
July 19, 2006
by Jaime Jansen
A draft report by the US Government Accountability Office (GAO) released by the Senate Homeland Security and Governmental Affairs Committee Wednesday has found that the US Department of Homeland Security (DHS) lost hundreds of thousands of dollars last year through fraud and abusive spending as a ...[read more]
July 12, 2006
by Jaime Jansen
The US House of Representatives on Tuesday approved a bill to effectively ban most Internet gambling by a margin of 317-93. The legislation would prohibit people from using credit cards and other forms of Internet payments to settle Internet bets, and also allow law enforcement and Internet ...[read more]
May 24, 2006
by Joe Shaulis
Authorities in five countries have arrested 565 people as part of Operation Global Con, the US Justice Department and Federal Trade Commission announced Tuesday. Officials said the suspects received more than $1 billion from some 2.8 million Americans who thought they were paying to get credit ...[read more]

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