Lawsuit

FinTech Charter Hits Speed Bump
FinTech Charter Hits Speed Bump
May 06, 2019  |  Regulation

The suit can proceed. The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial...

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FTC Split On Size, Scope Of Facebook Fine
FTC Split On Size, Scope Of Facebook Fine
May 05, 2019  |  Facebook

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. The...

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NY Lawsuit Against FinTech Banking Licenses Can Proceed
NY Lawsuit Against FinTech Banking Licenses Can Proceed
May 03, 2019  |  Bank Regulation

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on...

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CFPB Sues Credit Repair Firms Over Upfront Fees
CFPB Sues Credit Repair Firms Over Upfront Fees
May 02, 2019  |  Legal

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against a credit repair firm, its subsidiaries and associates for asking customers to pay upfront...

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Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses
Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses
April 29, 2019  |  Legal

Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant...

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Investors Sue Lyft Over Overhyped IPO
Investors Sue Lyft Over Overhyped IPO
April 18, 2019  |  Legal

Lyft is being sued by some investors who say the company exaggerated its market position during its IPO in March, which they say led to...

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Lampert Faces Suit From Sears Holdings Corp
Lampert Faces Suit From Sears Holdings Corp
April 18, 2019  |  Legal

In the wake of the retailer’s bankruptcy, Sears Holdings Corp. has filed a lawsuit against former CEO Eddie Lampert, along with ESL Investments and former...

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UK Lawsuit Against Mastercard Gains Court Support
UK Lawsuit Against Mastercard Gains Court Support
April 16, 2019  |  Legal

A consumer lawsuit against Mastercard in the U.K. got approval to move forward after a court reversed a ruling by the Competition Appeal Tribunal. According...

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FTC Fines Avant $3.85M For Customer Deception
FTC Fines Avant $3.85M For Customer Deception
April 15, 2019  |  Legal

The Federal Trade Commission announced on Monday (April 15) a $3.85 million settlement with online lender Avant over a lawsuit alleging the firm lied to customers...

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