March 20, 2017 - Fintech, Litigation

Court Finds CFPB Case Against Payment Processor Lacking

A federal district court in North Dakota on March 17, 2017, dismissed a complaint against the payment processing company Intercept Corporation and its senior executives, holding that the evidence provided by the Consumer Financial Protection Bureau (CFPB) did not show any signs of Intercept’s …›

March 10, 2017 - Litigation

House Passes Bill Proposing Sweeping Changes to Class Action Litigation

The House of Representatives has passed legislation – called The Fairness in Class Action Litigation Act of 2017 (the “Act” or “H.R. 985”) to fundamentally change all stages of class action litigation. For example, the provisions require stricter “typicality” requirements for class members, the disclosure …›