Top

Tag: DOJ


Regulations

DOJ calls Apple card fees ‘significant expense’ for banks

March 26, 2024

Via: Banking Dive

The Justice Department lawsuit against Apple suggests banks have been victims of Apple’s antitrust infractions, noting that fees the banks must pay when consumers use credit cards are “a significant new cost.” “Apple has charged issuing banks 15 basis points […]


Regulations

Oklahoma bank to pay $1.15M to settle DOJ redlining probe

August 29, 2023

Via: Banking Dive

“Providing equal access to credit is essential in every community, but the painful history of Tulsa makes this agreement particularly poignant because the redlined areas include historically Black neighborhoods that have endured the legacy of racial violence and the continuing […]


Regulations

DOJ announces $9 million agreement to resolve redlining allegations against Park National Bank

March 8, 2023

Via: JD Supra

Park National Bank (“Park National”), based in Ohio, has agreed to pay $9 million to settle allegations brought by the U.S. Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing […]


Regulations

US Department of Justice sets antitrust sights on Visa

March 23, 2021

Via: FinTech Futures

The department is looking into whether Visa abuses its position in the debit card market, and limited merchants’ ability to route transactions through less expensive networks. “The US Department of Justice has informed Visa of its plans to open an […]