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8 articles, grouped into stories

Visa Mastercard Antitrust Suit Targets Card Giants Over Billions in Merchant FeesA San Diego pizza restaurant has taken aim at two of the world’s biggest payment networks, accusing Visa and Mastercard of continuing to squeeze merchants with excessive “swipe fees” despite billions of dollars already paid to resolve earlier antitrust litigation. The Pizza Standard filed a proposed class action Thursday in federal court in New York,…
Government Spending: Trump Administration Moves to Cancel Nearly $1 Billion Approved by CongressThe Trump administration is moving to cancel nearly $1 billion in government spending that Congress previously approved. This is triggering a new dispute over presidential authority and Congress's constitutional power over federal appropriations. The White House announced the proposed rescission Sept. 25, targeting programs involving immigrant services,…
Benz Won’t Be Banned Under Chinese Car Bill, but Aston Martin and Lotus Could BeThe Fight Over Who Gets Shut Out Sponsor Bernie Moreno says Mercedes-Benz won't be banned, but talks on how to protect it are still open. Volvo, Aston Martin and Lotus remain exposed because Geely owns or backs them. Rand Paul, the lone holdout, says he'll step aside if Mercedes comes out of the bill. By Mercedes-Benz will be exempted from a Senate…
Florida’s Hidden Insurance Report Puts $1.3 Billion In Affiliate Profits At Center of Governor’s RaceWhat Florida Homeowners Need to Know A state-funded examination found insurers reported $432 million in losses from 2017 through 2019 while affiliated companies generated roughly $1.3 billion in net income. David Jolly wants tighter controls on affiliate payments and proposes moving hurricane and wind risk into a state-backed fund. Byron Donalds favors…
Ponzi Scheme Promised 15% Weekly Returns, Delivered $406 Million in Losses Instead, CFTC SaysThe Fraud, By the Numbers Federal regulators say four men ran a forex trading scam that pulled in nearly $1 billion from everyday investors. Almost all of that money never touched a currency market — it went straight into the pockets of the people running the operation. Participants who bought in are now out at CFTC charges Cash FX Group, CEO Huascar…