Judge to weigh Hood’s credit card issuer lawsuit
Published: December 3,2013
JACKSON — A federal judge in Mississippi has been ordered to decide if Attorney General Jim Hood’s lawsuit against six credit card issuers should remain in U.S. District Court in Jackson.
If the judge rules there is no federal issue to resolve, a three-judge panel of the 5th U.S. Circuit Court of Appeals says the lawsuit should return to state chancery court where Hood originally filed it in June of 2012.
A federal judge in Jackson ruled the lawsuits — now combined into one — would remain in federal court. The judge, however, said he’d wait on a ruling from the 5th Circuit before proceeding.
Hood has challenged the companies’ payment-protection products. The companies argue the product safeguards a consumer’s credit by making the minimum credit card payment in certain situations.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal