The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex...
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class action lawsuits in the United States — brought on behalf of merchants can proceed, Reuters...
Eighteen months after its collapse, FTX is ready to repay its customers in full. The cryptocurrency exchange says it has pulled together assets worth $14.5 and $16.3 billion, enough to pay back 98% of its creditors 118% of what they are owed. The remaining 2%...
New York Community Bank (NYCB) is the target of a class-action lawsuit alleging securities fraud. The lawsuit comes after the bank acquired certain assets of Signature Bridge Bank on March 20, 2023, and reported a fourth quarter net loss of $252 million on Jan. 31,...
June 10, 2024
The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex series of events that will stress-test the very concept of […]
November 28, 2017
Wherever you might come down on the current controversy over who’s really in charge at the CFPB, you have to admit it’s driven no shortage of headlines. Some of our favorites:...
September 04, 2017
Today, nationwide, Americans are celebrating the joys of hard work and earning an honest day’s living by sleeping late, going one last time to the beach and soaking up the last of...
September 05, 2024
A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief information officer Diane Offereins, also claims the payments giant used her as a “scapegoat” for the company’s misclassification of credit cards as regulators examine Discover’s […]
June 07, 2024
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class...
May 08, 2024
Eighteen months after its collapse, FTX is ready to repay its customers in full. The cryptocurrency exchange says it has pulled together assets worth $14.5 and $16.3 billion, enough to...
February 07, 2024
New York Community Bank (NYCB) is the target of a class-action lawsuit alleging securities fraud. The lawsuit comes after the bank acquired certain assets of Signature Bridge Bank on March...
