Another day, another class-action lawsuit against Wells Fargo. The latest legal salvo claims the bank headed by Chief Executive Tim Sloan has been ripping off small businesses for years by burying fees and misleading merchants about how much they have to pay for credit card processing services. Wells Fargo’s merchant services unit, a joint venture...
NYS Entity Status
NYS Filing Date
OCTOBER 28, 2013
NYS DOS ID#
CT CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2013 - MERCHANTS CREDIT CORPORATION
Around the Web
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- Wells Fargo Accused Of Overcharging Small Businesses
By Ashlee Kieler - Friday Aug 11, 2017
The scandals and accusations continue to mount for Wells Fargo. This time, the banking giant is being accused of overcharging small businesses to process credit card transactions.In a potential class action filed earlier this month in a New York federal court, a restaurant owner from Pennsylvania and a North Carolina tour company allege that Wells Fargo’s Merchant Business Services …
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- NY AG presses TransUnion, Experian for cybersecurity details
By DAVID KLEPPER, Associated Press - Tuesday Sep 19, 2017
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- The Latest: Corporate culture a factor in Equifax breach?
Friday Sep 8, 2017
NEW YORK (AP) — The Latest on the massive breach at credit monitoring company Equifax (all times local):4:15 p.m.Equifax is blaming an unspecified "website application vulnerability" in hackers' ability to get personal information on 143 million Americans. Security experts say it's hard to say for sure without more information, but such vulnerabilities typically don't require a lot of sophistication to exploit.Rich Mogull, who runs the security research firm Securosis, says the web app breach suggests "things are broken down in a couple of different areas." He says someone likely made a programming or configuration mistake, but corporate culture could also be a factor.