Tag Archives: consumer

Cash or Credit? US Government Sues Credit Card Companies

The Department of Justice (DOJ) sued the three largest credit card companies on Monday, alleging anticompetitive practices. Specifically, the suit was filed against Mastercard, Visa, and American Express, alleging that the companies encourage merchants to prefer certain types of credit…

Overdraft Fees? Judge Says Wells Fargo Deceived Customers

A federal judge has ordered Wells Fargo to pay customers back over $200 million in overdraft fees. The judge said the company’s business practices were "unfair and deceptive." The case was based on overdraft fees. Wells Fargo policy was to…