New developments in the IRS Coinbase summons. In mid-November of this year, the IRS sought access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. It filed a petition in the District Court for the Northern District of...
The Supreme Court ruled on a bank fraud case earlier in the week that had to do with an online scheme designed to steal funds from bank customers’ accounts. According to a report by Forbes, the Supreme Court decided in the bank fraud case Shaw v. United...
Source: Competition Policy International The U.K.’s Competition Appeal Tribunal (CAT) has denied Mastercard’s bid to appeal its July judgment awarding U.K. grocery chain Sainsbury’s Supermarkets damages of more than £68 million in its suit over the credit card company’s interchange fees. Sainsbury’s won its claim against...
A U.S. unit of French cosmetics giant L’Oréal is being sued by a small California firm, The Wall Street Journal reported, alleging that L’Oréal copied a hair product. Olaplex, the company that lodged the suit in the U.S. District Court for the Central District of...
Visa, Mastercard and banks in the U.S. are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. According to a report by Fortune, last week, the Supreme...
American Express is facing a push by the Retail Litigation Center (RLC) and the National Retail Federation (NRF) to have the full 2nd U.S. Circuit Court of Appeals take up a lawsuit over rules that prevent retailers from encouraging customers to use credit cards that don’t...
The U.S. government on Thursday (Nov. 10) requested a federal appeals court to reexamine a recent decision that lets American Express prevent merchants from encouraging customers to use credit cards outside of Amex that have lower fees associated with them. According to a report by Reuters, the...
Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. According to a federal class-action lawsuit, covered...
