PYMNTS-MonitorEdge-May-2024

Lawsuits

CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
September 13, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Horizon Card Services and its CEO Robert Kane Friday (Sept. 13). The CFPB alleged that the company used...

READ MORE >
This Week in Web3: Crypto Scams and Payments Surge
This Week in Web3: Crypto Scams and Payments Surge
September 11, 2024  |  Cryptocurrency

Cryptocurrencies were created to address supposed pain points across the financial system. By decentralizing transaction verification and record-keeping through a distributed ledger, blockchain-based digital assets...

READ MORE >
Google’s Advertising Business on Trial as US Seeks Blockbuster Breakup
Google’s Advertising Business on Trial as US Seeks Blockbuster Breakup
September 09, 2024  |  ANTITRUST

There are few institutions worldwide capable of standing up a greater legal team than Google. But the U.S. federal government might be one of them....

READ MORE >
Judge Says Shareholders’ Lawsuit Against Coinbase Can Move Forward
Judge Says Shareholders’ Lawsuit Against Coinbase Can Move Forward
September 06, 2024  |  Legal

A proposed class action lawsuit brought against Coinbase by shareholders is reportedly moving forward. The cryptocurrency exchange’s bid to have the suit dismissed was rejected Thursday...

READ MORE >
Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
September 05, 2024  |  Legal

Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. The suit was filed Thursday...

READ MORE >
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024  |  Legal

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to...

READ MORE >
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

READ MORE >
FTC Accuses Care.com of Misleading Job-Seeking Caregivers
FTC Accuses Care.com of Misleading Job-Seeking Caregivers
August 26, 2024  |  Regulation

The Federal Trade Commission took legal action against child and older adult care platform Care.com. The FTC alleged that Care deceived caregivers about the availability...

READ MORE >
Property Management Software Company RealPage Vows to Fight DOJ Lawsuit
Property Management Software Company RealPage Vows to Fight DOJ Lawsuit
August 23, 2024  |  Legal

Property management software company RealPage has vowed to fight a civil antitrust lawsuit filed by the Justice Department, saying the suit’s claims are “devoid of...

READ MORE >