Legal and Regulatory Developments SPOTLIGHT: The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law Digital Transactions News – September 19, 2024 The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. [...]
The DOJ announced Dunes Surgical Hospital in South Dakota and United Surgical Partners International (USPI) and its subsidiary, USP Siouxland, have agreed to pay $12.7 million to settle a False Claims Act case alleging the hospital engaged in illegal financial relationships with two physician groups. These arrangements spanned from 2014 [...]
Walgreens has agreed to pay $106.8 million to settle false claims allegations that between 2009 and 2020 it billed government healthcare programs, including Medicare and Medicaid, for prescriptions that it never dispensed because they were not picked up by patients. The government alleged that Walgreens received tens of millions of [...]
The Research Foundation of the State University of New York (RFSUNY) has agreed to pay $313,574 to settle allegations that a SUNY at Albany (UAlbany) research scientist failed to disclose affiliations with and support from a foreign government while receiving federal research grants. The settlement addresses claims that Dr. Qilong [...]
Legal and Regulatory Developments SPOTLIGHT: Banks Push for Quick End to Illinois Law Reducing Credit-Card Processing Fees Crain’s Chicago Business – September 3, 2024 (subscription may be required) Lawyers representing bank and credit union trade groups argued Tuesday for a quick ruling in a lawsuit seeking to strike down enforcement [...]
“I would say 9 times out of 10 … what’s really motivating people [to blow the whistle] is the desire to do the right thing. They see something that is wrong, and they want to step up and they want to deal with it. … And part of our job [...]
The SEC continues to go after companies that make inaccurate statements about the sustainability or environmental impact of products or practices — so called “greenwashing.” The most recent example is the hot water in which Keurig Dr Pepper Inc. found itself. The SEC charged Keurig with making inaccurate statements in [...]
Legal and Regulatory Developments SPOTLIGHT: Maryland Gets Tough on BNPL Payments Dive – September 3, 2024 Zip and Four Technologies revamped their buy now, pay later strategies in Maryland after the state cited them for operating without the correct licenses. In May, the state fined Four Technologies for offering BNPL [...]
Today, (August 30), the Commodity Futures Trading Commission (CFTC) announced a $4 million whistleblower award “to an insider whistleblower who provided information that led the Division of Enforcement to open an investigation into ongoing misconduct.” This follows a relatively modest spate of awards this year, including awards on August 8 ($1M), June [...]
Legal and Regulatory Developments SPOTLIGHT: CFPB Seeks Developers’ Comments on Apple’s Rules on Tap-to-Pay Access PYMNTS – August 28, 2024 The Consumer Financial Protection Bureau (CFPB) is seeking public comment on Apple’s recently announced rules governing how financial companies and app developers offer tap-to-pay functionality on its devices. “The CFPB [...]
