News & Analysis as of

Airlines Financial Services Industry

Ballard Spahr LLP

Transportation Department opens probe into rewards programs at four largest airlines

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Saying it wants to protect consumers from unfair, deceptive or anticompetitive practices, the Transportation Department on Sept. 5 launched an investigation into the rewards programs operated by the nation’s four largest...more

Ballard Spahr LLP

CFPB and DOT Hosting Joint Hearing on Credit Card and Airline Rewards Programs

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In furtherance of the Biden Administration’s “junk fee” agenda, on Thursday, May 9, 2024, the Consumer Financial Protection Bureau and the U.S. Department of Transportation will host a hearing on airline and credit card...more

Troutman Pepper

DOT Deputizes State AGs to Pursue Consumer Claims Against Airlines, Circumventing Long-Standing Preemption

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The U.S. Department of Transportation (DOT) recently announced an Airline Passenger Protection Partnership with state attorneys general (AGs), marking a significant expansion of AGs’ regulatory reach. This partnership, formed...more

White & Case LLP

UK, EU and US aviation industry sanctions

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Following the events in Ukraine, various measures have been put in place by the EU, the UK and the US that are expected to have a considerable impact on the aviation and aircraft financing industry. Below we give a round-up...more

Robins Kaplan LLP

Financial Daily Dose 4.8.2021 | Top Story: CVC Capital Makes $20 Billion LBO Bid for Toshiba

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PE firm CVC Capital Partners has made an unsolicited bid to acquire Japan’s Toshiba Corp. “in a deal that could be valued at more than $20 billion if completed.” The proposal, which would need Japanese government approval...more

White & Case LLP

Congress Passes $2.2 Trillion COVID-19 Stimulus Bill

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On Friday, March 27, 2020, the U.S. House of Representatives voted to approve the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) submitted by the Senate, and President Trump just signed the bill.The bill...more

Robins Kaplan LLP

Financial Daily Dose 3.17.2020 | Top Story: The Bear Market Roars, with Markets Falling nearly 13% as Whole Sectors of US Economy...

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As Americans [way-too] slowly come to the realization that COVID-19 is a very real and very present threat, the business world is changing around them at a staggering pace. Stocks nosedived again on Monday, with the three...more

Robins Kaplan LLP

Financial Daily Dose 3.16.2020 | Top Story: U.S. Stocks Continue to Tumble Amid COVID-19

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U.S. stocks continue to tumble, sinking by “8.1% at the open, triggering a 15-minute trading halt;” “Brent crude sank below $30 a barrel;” treasuries surged despite major moves from the Federal Reserve; and market sentiment...more

Holland & Knight LLP

Bureau of Economic Analysis Ramps Up Data Gathering

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The Bureau of Economic Analysis (BEA), an agency of the U.S. Department of Commerce, published 10 notices on Jan. 27, 2020, regarding annual and quarterly surveys that track various types of foreign investment into the United...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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With all that went on between the US and China over the past week alone on tariffs, a timeline may help. Luckily, the Times was thinking of our plight when it put this together....more

Goodwin

Eleventh Circuit Affirms Dismissal of RICO Claim in Hidden Fee Case

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On September 2, 2016, the Eleventh Circuit affirmed dismissal of a civil RICO claim in Ray v. Spirit Airlines, Inc., a case that challenged Spirit Airlines’ reporting of fees to customers. The Eleventh Circuit’s affirmance...more

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