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Did you know that the Department of Justice had sued Visa, Mastercard and American Express on our behalf, and is still battling American Express in court? Yup, about two months ago the DOJ sued all 3 companies for basically trying to ice out any competitors, including store cards, from competing against them through some of [...]
The housing industry has been in an uproar for a few years now, and things are starting to come to a head. First we hear about robo-signing of foreclosures. Next all 50 states and the federal government ask banks to stop foreclosures until this practice can be evaluated; some banks do it, then decide they’re [...]
Wells Fargo is a multiple offender. Therefore, it came as no surprise to anyone that they lost their court challenge against having to pay a fine for excessive overdraft fees they imposed on their customers. A California judge determined that they have to pay back $203 million in what the judge determined was a tricky [...]
Of course everyone saw this coming after NY Attorney General Andrew Cuomo filed suit against them in November, but Intel can’t be feeling good this morning after the Federal Trade Commission (FTC) finally filed an antitrust lawsuit against them for engaging in what they’re calling anti-competitive practices. In essence, it’s the same thing that Cuomo [...]