JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
lawsuit
American Express wins eight year-long court battle over antitrust issues
The lawsuit accused Amex of stifling competition.
Coinbase taken to court, twice
Cryptocurrency exchange Coinbase has landed in more hot water with two federal class action lawsuits.
Nasdaq files patent infringement lawsuit against IEX
Lawsuit aims to halt unauthorised use of proprietary electronic trading platform technology.
Wall Street Systems takes European Central Bank to court over tech deal with rival Openlink
How to be a sore loser.
Top fintech stories this week – 15 September 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Wells Fargo settles account-scandal claims but runs afoul of federal regulator
Wells Fargo will pay $110 million to settle a class action lawsuit brought by US consumers over a scandal about fake accounts its employees set up for customers without their knowledge. But the trouble continues for the bank, which has received a dim evaluation from a federal regulator.
Mastercard victorious in UK interchange lawsuit
Mastercard can put a notch in the win column after a High Court judge ruled in the payment card network’s favor regarding a lawsuit brought on by retailers disputing cross-border interchange fees on debit and credit cards.
MasterCard faces £19bn lawsuit over inflated card charges
Priceless? Not this time. MasterCard is facing a £19 billion lawsuit (which now has been reduced to £14 billion and filed, as of 8 September 2016) – the biggest in UK legal history – in a collective action over card charges that were passed on to shoppers. The claim is headed by ex-financial services ombudsman […]
