United Wholesale Mortgage (UWM), the nation’s largest wholesale mortgage lender, announced on March 4, 2021, that it would no longer do business with mortgage brokers who also worked with Rocket Mortgage (the online loan...more
5/6/2021
/ Anti-Competitive ,
Anti-Steering Rules ,
Antitrust Violations ,
Class Action ,
Competition ,
Consumer Financial Products ,
Financial Services Industry ,
Monopolization ,
Mortgage Lenders ,
Mortgages ,
Quicken Loans ,
Restraint of Trade ,
Sherman Act ,
Unfair or Deceptive Trade Practices ,
Wholesale
The United States Court of Appeals for the Second Circuit, a highly influential appellate court sitting in New York, on September 26 issued a unanimous ruling with major implications for antitrust and unfair competition laws,...more
9/28/2016
/ American Express ,
Anti-Steering Rules ,
Antitrust Investigations ,
Antitrust Violations ,
Appeals ,
Corporate Counsel ,
Credit Cards ,
Department of Justice (DOJ) ,
Fees ,
Financial Institutions ,
Merchants ,
Retailers ,
Reversal ,
Unfair Competition
A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices to the detriment of consumers. A federal district judge had thrown out the lawsuit in 2013 after...more
8/19/2015
/ American Express ,
Anti-Competitive ,
Anti-Steering Rules ,
ATMs ,
Bank of America ,
Banking Sector ,
Banks ,
Debit Cards ,
Department of Justice (DOJ) ,
Financial Institutions ,
JPMorgan Chase ,
MasterCard ,
Payment Processors ,
Transaction Fees ,
Visa Inc ,
Wells Fargo