Industry

Texas Judge Moves Lawsuit Challenging CFPB’s $8 Credit Card Late Fee Rule to D.C., Dealing Blow to Credit Card Industry

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FORT WORTH, Texas – In a blow to banks and credit card issuers, a Texas judge has agreed to move a lawsuit challenging the Consumer Financial Protection Bureau’s $8 credit card late fee rule to the District of Columbia. The ruling by Judge Mark T. Pittman is a setback for the U.S. Chamber of Commerce and five other trade groups that sued the CFPB in March to stop the rule from taking effect on May 14. The CFPB accused the trade groups of engaging in “forum shopping” by filing the case in Texas to find … Read more

Gerety Awards: Celebrating Women’s Impact on the Advertising Industry and Pioneering Diversity in Creative Leadership

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Paris, France – With women driving the advertising industry’s audience, the Gerety Awards, the only advertising awards with an all-female jury, are in a unique position to determine if ads truly resonate with their target audience. In a study conducted by Nielsen, it is projected that by 2028, roughly 75% of all consumer decisions will be made or influenced by women. The Gerety Awards, which started in 2019, aims to showcase creativity through a more progressive lens and provide a unique perspective through which the advertising industry can be viewed. The Gerety Awards has recently … Read more

Landmark $60 Million Verdict in Infant Formula Lawsuit Sends Shockwaves Through the Industry as More NEC Lawsuits Await Federal Trial

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Chicago, Illinois – A jury has awarded $60 million to a mother whose premature baby died after developing necrotizing enterocolitis (NEC) following the consumption of Enfamil formula. The grieving mother, Watson, argued that Mead Johnson, the manufacturer of Enfamil, failed to warn her or her doctors about the increased risk of NEC associated with the product. Watson’s lawyers presented evidence of long-standing studies and expert warnings linking cow’s milk-based infant formula, such as Enfamil and Abbott’s Similac, to a higher likelihood of NEC. The jury not only found in favor of Watson swiftly but also … Read more

Unregulated Lawsuit Lending Industry Sparks Crisis in New York’s Real Estate World

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New York City – An unregulated, multi-billion dollar industry in New York is causing a “crisis” in the real estate world, according to two powerful building and construction groups. The Associated Builders and Contractors (ABC-NYS) and Real Estate Board of New York (REBNY) are calling for reforms to the practice of “third-party litigation lending,” which provides quick cash advances to potential plaintiffs who may not have to repay the money if they lose their lawsuit. “What it’s created is a general liability crisis,” said Brian Sampson, president of ABC-NYS. The groups argue that the industry, … Read more