News & Analysis as of

Credit Cards Retailers Banks

Orrick, Herrington & Sutcliffe LLP

Retailer and bank settle credit card servicing suit

Recently, a large retailer (plaintiff) and a bank (defendant) agreed to settle a credit contract dispute. In April 2023, the retailer filed a complaint in the U.S. District Court of the Southern District of New York against...more

McGuireWoods LLP

Credit Card Fraud Liability Shift Looms for Retail Industry

McGuireWoods LLP on

On October 1, 2015, a substantial portion of the liability associated with in-store fraudulent credit card purchases will shift from credit card issuers, such as banks or credit unions, to retail merchants. Credit card...more

Manatt, Phelps & Phillips, LLP

California Considers Data Breach Bill Imposing Significant New Obligations on Businesses

Who should be responsible for paying for the costs of data breaches? - Reacting to the recent high-profile security lapses at major retailers, California lawmakers are considering a bill that would shift the burden of...more

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