Entries tagged “class action”
Visa & Mastercard Interchange Fees Merchant Class Action Update
insights Douglas J. Schneller · John J. Hanley · 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…
Consumer Financial Protection Bureau Arbitration Rule Overturned by Senate Action
insights 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
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…
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…