Rimon

Entries tagged “class action”

Visa & Mastercard Interchange Fees Merchant Class Action Update

insights Visa & Mastercard Interchange Fees Merchant Class Action Update Douglas J. Schneller · Visa & Mastercard Interchange Fees Merchant Class Action Update John J. Hanley · Visa & Mastercard Interchange Fees Merchant Class Action Update Patrick Maschio · April 24, 2019

In recent years merchants, regulators, banks and financial institutions, consumers and other parties have been keenly focused on “interchange fees” charged to merchants by issuers of credit or debit cards for any transaction in which the card is used for a purchase. Interchange fees typically consist of a percentage fee, based on the volume of…

Continue Reading…

Consumer Financial Protection Bureau Arbitration Rule Overturned by Senate Action

insights Consumer Financial Protection Bureau Arbitration Rule Overturned by Senate Action John R. Mussman · November 1, 2017

Rimon Partner John Mussman discusses the Senate’s vote to scuttle the Consumer Financial Protection Bureau’s arbitration rule. The arbitration rule restricted financial service companies from forcing customers into arbitration, made it easier for customers to sue banks and financial firms and arguably would have encouraged class action litigation. You can read more here

Continue Reading…

Businesses Cannot Request and Record Consumers’ ZIP Codes

insights February 23, 2011

In Pineda v. Williams Sonoma, the California Supreme Court California ruled that retailers may no longer ask customers for their zip code in a credit card transaction. California retailers may no longer ask customers for their zip code in a credit card transaction.  On February 10, 2011, the California Supreme court unanimously ruled that businesses subject to California…

Continue Reading…

Class Action For 1.5 Million Wal-Mart Employees Affirmed By Ninth Circuit

insights June 8, 2010

In the recently decided case of Dukes v. Wal-Mart Stores, the Ninth Circuit upheld a 2004 district court’s decision to certify a class that could potentially consist of 1.5 million women employed by Wal-Mart since 1997. Through this gender discrimination class action, the employees seek back pay, declaratory relief, and injunctive relief. The plaintiffs allege that…

Continue Reading…