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16 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,…
USA Herald3d agoWhole story →
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,…
USA Herald4d agoWhole story →
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…
USA Herald5d agoWhole story →
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…
USA Herald7d agoWhole story →
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…
USA Herald9d agoWhole story →
Mark Frisbie Crop Insurance Fraud Probe: Farm Manager Pleads Guilty in $3.2M SchemeA southwest Florida farm manager could spend years behind bars and be ordered to repay more than $3 million after admitting to his role in a federal crop insurance fraud scheme. Mark Frisbie, 60, of Punta Gorda, pleaded guilty to one count of making a false statement on a federal crop insurance claim, according to Mark Frisbie Crop Insurance Fraud Probe…
USA Herald12d agoWhole story →
Tylenol Maker and Pharmacy Chains Ask Appeals Court to Reconsider Autism and ADHD Lawsuit RulingBy Samuel López | USA Herald Tylenol maker Kenvue and some of America’s largest pharmacy and retail chains are asking a federal appeals court to reconsider a decision that breathed new life into roughly 550 lawsuits alleging prenatal exposure to acetaminophen contributed to autism spectrum disorder or attention-deficit/hyperactivity disorder in children.…
USA Herald22d agoWhole story →