Antitrust Group

Payments News Update – May 16, 2025

Legal and Regulatory Developments SPOTLIGHT: FTC Holds off on Enforcing ‘Click to Cancel’ Subscription Rule PYMNTS – May 11, 2025 What if canceling a subscription were as easy as signing up for one? That was the thinking behind the Negative Option Rule — more popularly known as the “click to cancel” regulation, first proposed in 2023. That rule went into effect earlier this year, with enforcement...

Payments News Update – May 9, 2025

Legal and Regulatory Developments SPOTLIGHT: D.C. Bill Latest Attempt to Nix Credit Card Swipe Fees on Tips and Taxes Forbes – May 2, 2025 A Washington D.C. bill is the latest to hit back at credit card swipe fees. The Fair Swipe Act of 2025, introduced by D.C. Councilmember Charles Allen, would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that...

Payments News Update – May 2, 2025

Legal and Regulatory Developments SPOTLIGHT: Durbin to Keep Pushing Card Bill Payments Dive – April 28, 2025 Sen. Dick Durbin is retiring, but that doesn’t mean he’s done with credit card reform efforts. The Illinois Democrat announced last week that he wouldn’t seek re-election next year and his four-decade congressional career will end in January 2027. Still, he plans to use some of his dwindling...

Constantine Cannon, Lead Class Counsel, Submits Settlement Agreement for Preliminary Approval in Sutter Health Antitrust Class Action Lawsuit

March 25, 2025 - Upon submission of a settlement agreement for preliminary approval by the Court, Plaintiffs and Sutter have issued the following joint press release regarding the Settlement: "Sutter Health and Plaintiffs Djeneba Sidibe, Jerry Jankowski, Susan Hansen, David Herman, Optimum Graphics, Inc., and Johnson Pool & Spa, on behalf of themselves and a certified class of similarly situated persons, have...

Payments News Update – April 25, 2025

Legal and Regulatory Developments SPOTLIGHT: Sen. Durbin to Retire, Setting Stage for Renewed Credit Card Reform Push CU Today – April 23, 2025 Sen. Dick Durbin (D-IL) has announced he will not seek re-election next year—a move that likely signals increased efforts to have the Credit Card Competition Act passed in 2025. Durbin stated on X that he plans to serve the remainder of his term. The long-time...

Payments News Update – April 18, 2025

Legal and Regulatory Developments SPOTLIGHT: Republicans Pressure Fed on Debit Card Fees Payments Dive – April 14, 2025 Republicans on the House Financial Services Committee are seeking to reverse a late 2023 Federal Reserve decision that would cut fees that large financial institutions can charge merchants when consumers use debit cards to pay for goods and services. The 14 Republicans, including the...

Payments News Update – April 11, 2025

Legal and Regulatory Developments SPOTLIGHT: Swipe Fee Foes Find Legislative Support in Almost a Dozen States Payments Dive – March 28, 2025 Inspired by an Illinois law, legislators in multiple states are working to ban card swipe fees on sales tax and gratuities, with proposals pushed by retailers and restaurateurs gaining momentum. In recent years, merchants of all sizes have decried rising fees for...

Payments News Update – March 28, 2025

Legal and Regulatory Developments SPOTLIGHT: CFPB Seeks Extension to Respond to Nonbank Oversight Lawsuit Payments Dive – March 24, 2025 The Consumer Financial Protection Bureau asked a federal court in Washington for 60 more days to respond to a lawsuit against the agency over its efforts to oversee technology companies that offer digital payments tools. The federal agency finalized a new rule aimed at...

Payments News Update – March 21, 2025

Legal and Regulatory Developments SPOTLIGHT: Retail, Crypto Groups Converge to Back Stablecoin Legislation Payments Dive – March 14, 2025 Retail and cryptocurrency trade groups converged Thursday to air their shared interest in supporting legislation to create a regulatory regime for stablecoins, and they did so on a day when the Senate Banking Committee approved a bill attempting to do just that. The...

Payments News Update – March 14, 2025

Legal and Regulatory Developments SPOTLIGHT: Judge in CFPB Case ‘Leaning’ Toward Injunction Banking Dive – March 12, 2025 The federal judge in the National Treasury Employees Union’s case against Trump-era management of the Consumer Financial Protection Bureau said Tuesday she’s “leaning” toward issuing a preliminary injunction to keep at bay a plan to put the agency in “wind down...