U.S. Court Orders Bank of China to Produce Documents on Alleged Counterfeiters and Freeze Assets

A federal judge in New York May 23 ordered the Bank of China to freeze the assets of alleged counterfeiters in China and to turn over information on credit card transactions involving those firms (Tiffany (NJ) LLC v. Forbse, S.D.N.Y., No. 11 Civ. 4976 (NRB), 5/23/12)

European Union Agrees on 2014 for Single EU Payment Area to Eliminate Bank Debit Fees

Frustrated with self-regulatory efforts of the European banking and credit card industry to establish a cross-border single payment system in the European Union, the EU member states and the European Parliament agreed Dec. 20 on a Feb. 1, 2014 deadline for elimination of all fees for direct debit payments…