Visa and Mastercard Ink $38 Billion Settlement on Swipe-Fee Lawsuit, But Some Merchants Push Back
After two decades of legal battles, Visa and Mastercard have reached a revised $38 billion settlement with U.S. merchants —…
Financial regulation
Borrowers File Class Action Against Major U.S. Banks Alleging Prime Rate-Fixing Conspiracy
In a sweeping new class-action lawsuit, a group of borrowers has accused some of the largest U.S. financial institutions of…
CFPB Expands Legal Team Amid Federal Shutdown and Widespread Layoffs
As much of Washington grapples with uncertainty from the ongoing government shutdown and a wave of agency layoffs, the Consumer…
Visa and Mastercard Agree to $199.5 Million Payout to Settle Merchant Fraud-Liability Class Action
In a significant move to close another chapter in their long history of legal battles with merchants, Visa Inc. and…
Judge Narrows Consumer Class Action Against United Wholesale Mortgage, Leaving Limited Claims Standing
A federal judge has dismissed most claims in a high-profile consumer class-action lawsuit targeting United Wholesale Mortgage (UWM), the nation’s…
Big Banks Win Major Victory as Judge Dismisses Libor-Rigging
In a sweeping decision that closes one of the most high-profile financial cases of the past decade, U.S. District Judge…
Appeals Court Tells SEC to Reassess Short-Selling Rules
A federal appeals court has called on the Securities and Exchange Commission (SEC) to conduct a thorough economic review of…
Arnold & Porter’s Strategic Move: Hires New York Fed Attorney Amid Banking Crisis
On Monday, Arnold & Porter Kaye Scholer, a US-based law firm, announced that it had hired James Bergin as a…