Tag Archives: credit card

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…

Supreme Court Restricts Bankruptcy Attorneys Ability to Advise Clients

The US Supreme Court has ruled that bankruptcy attorneys can no longer advise clients to incur additional debt because they are contemplating bankruptcy. The controversy arose out of a 2005 law that bars debt relief agencies from advising clients to…