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|MasterCard faces $18.6 billion lawsuit over excessive fees|
Ed AdamczykLONDON, Sept. 9 (UPI) -- MasterCard faces an $18.6 billion lawsuit in Britain, charged with applying excessive fees on millions of transactions between 1992 and 2008.
20 points by UPI | United Press International News World Communications International News Service William Randolph Hearst Law MasterCard Walter Cronkite Credit card
|MasterCard faces record $18.6B lawsuit over excessive fees|
MasterCard is being sued for $18.6 billion in Britain for allegedly charging excessive fees on millions of transactions over a 16-year period.
4 points by Las Vegas Review-Journal | Debit card Pleading European Union Consumer protection United Kingdom MasterCard Consumer Maestro
|MasterCard sued for $19bn in Britain’s biggest damages claim|
The leading global payment company MasterCard is being sued for £14 billion ($19 billion) in damages. The company allegedly charged its 46 million UK customers excessive fees for using its cards. Read Full Article at RT.com
143 points by Russia Today | Law Debit card Credit card European Union Consumer protection MasterCard Treaty of Lisbon Consumer
|Russia's banking system has SWIFT alternative ready|
If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute. Read Full Article at RT.com
-1 points by Russia Today | Vladimir Putin Russia Bank Boris Yeltsin Russia–Ukraine gas disputes 2016 Beslan school hostage crisis MasterCard
|Baltimore restaurant moves to cashless transactions|
BALTIMORE (AP) - After being held up at gunpoint for the fifth time in four months, the Park Cafe & Coffee Bar made a radical change for a business that relies on small transactions. A sign on the Bolton Hill cafe's door explains: "Due to the recent robberies and continued ...
1 points by The Washington Times | Debit card Credit card MasterCard Cheque Euro Money Payment EMV
|Park Café's move to cashless part of larger shift toward cash-free business|
After being held up at gunpoint for the fifth time in four months, the Park Cafe & Coffee Bar made a radical change for a business that relies on small transactions.A sign on the Bolton Hill cafe's door explains: "Due to the recent robberies and continued crime in the neighborhood we are no longer...
-2 points by Baltimore Sun | Debit card Credit card Cheque MasterCard Euro Payment Money EMV
|Wells Fargo scam latest in a string of infractions|
The shadow account fraud is just the latest regulatory black eye for the bank.
1604 points by Arizona Republic | Bank of America Credit card JPMorgan Chase MasterCard Wells Fargo Citigroup Visa Inc. Federal Housing Administration
|Wells Fargo scandal looks like a vast uprising of disgruntled employees|
Two basic principles of management, and regulation, and life, are: - You get what you measure. - The thing that you measure will get gamed. Really that's just one principle: You get what you measure, but only exactly what you measure. There's no guarantee that you'll get the more general good thing...
-1 points by Chicago Tribune | Bank Cheque Debit card Credit card Wells Fargo Banking MasterCard Bank of America