News & Analysis as of

Financial Services Industry State Attorneys General Payment Processors

Troutman Pepper

30 States Urge Ninth Circuit to Reinstate Data Privacy Lawsuit

Troutman Pepper on

In an unusual move, attorneys general (AG) from 30 states and the District of Columbia filed a bipartisan amicus brief in the Ninth Circuit supporting efforts to revive a proposed class action against payment processor...more

Troutman Pepper

State AGs and State Money Transmission Regulators Settle With Payment Processor Over Unauthorized Mortgage Withdrawals

Troutman Pepper on

On October 17, 52 state and territorial attorneys general, in addition to state money transmission regulators, entered into settlements amounting to more than $20 million with ACI Worldwide (ACI), to resolve claims involving...more

Cozen O'Connor

Payment Processor Banned From Industry for Allegedly Helping Telemarketers Defraud Consumers

Cozen O'Connor on

The CFPB reached a settlement with payment processor BrightSpeed Solutions Inc. and its founder (collectively, “BrightSpeed”) to resolve allegations that it knowingly assisted companies in defrauding consumers by knowingly...more

Manatt, Phelps & Phillips, LLP

State AGs Settle Over PayPal’s Lacking Donation Disclosures

A group of 23 state regulators reached a deal with PayPal Giving Fund (PPGF) to settle allegations that it failed to provide adequate disclosures and information to consumers making donations through the platform. As a...more

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