Visa Says DOJ Papering Over Plaid Deal’s Benefits

Law360 (November 30, 2020, 6:59 PM EST) — Visa has told a California federal court that the U.S. Department of Justice is overlooking a host of major benefits arising out of its planned $5.3 billion tie-up with Plaid and wrongly focusing on the deal’s alleged antitrust implications.

The DOJ’s Antitrust Division is challenging the credit card giant’s proposed deal by alleging that it’s trying to block emerging competition from an upstart financial services rival, with the government hoping to start a trial in September but Visa pressing for a faster timetable.

In a Friday filing, Visa denied numerous allegations in the DOJ’s Nov. 5 complaint while only expressly admitting…

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Online lenders’ backers agree to double relief for borrowers

A national settlement sparked by Virginians feeling stung by online lender is about to double in size — bringing refunds and debt cancellation totaling $866 million.

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The money is coming from the venture capitalists who funded the enterprise, a debt collection firm and the online firm’s former president.

They all deny any wrongdoing.

Under the settlement, venture capitalists Sequoia Capital and TCV, along with National Credit Adjusters, agreed to refund a bit more than $50 million to more than 1 million people who borrowed money from Plain Green LLC, which claimed to be owned by the Chippewa Cree Tribe of the Rock Boy Reservation in Montana; Great Plains Lending, associated with the Otoe-Missouria tribe of Oklahoma; and MobiLoans LLC, associated with the Tunica Biloxi Tribe of Louisiana.

On top of that, National Credit is canceling $383 million of loans and promised to stop trying to collect on them.

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‘They’re seeing the importance of diversity:’ Black-owned small business sees sales triple for Black Friday, Cyber Monday

RALEIGH, N.C. (WTVD) — Jacquelyn Rodgers, owner of Greentop Gifts, says she started seeing an uptick in orders this past summer. The increase in sales is a surprise considering people were ordering Christmas paper in July.

But she isn’t selling just any old wrapping paper–the products help fill a void by featuring a Black Santa.

Rodgers says she believes the sales spike is part of a bigger movement.

“Obviously, 2020 has brought representation to the forefront for everyone, especially for small businesses owners like us…being a woman-owned business and a Black-owned business,” said Rodgers. “I think even more so this year, I think people are paying more attention to it. It’s opened a lot of people’s eyes to it and they’re seeing the importance of diversity.”

RELATED: Tool helps shoppers find black-owned small businesses in North Carolina

Rodgers is already sold out of some items. To her excitement, business has

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9.4 million passengers during Thanksgiving week set pandemic-era airport records

Nearly 10 million people hopped on planes during the 10-day Thanksgiving period that ended Sunday, including four days with more than 1 million passengers and some of the busiest travel days of the COVID-19 era.

Numbers may have been even higher if not for a wave of warnings from federal and state officials about gathering for Thanksgiving amid a surge in COVID-19 cases nationwide.

Still, some 1.18 million people traveled through Transportation Security Administration checkpoints on Sunday, the most since March, the agency reported Monday. A total of 9.4 million people went through TSA checkpoints between Nov. 20 and 29.

American Airlines planes parked at Terminal D at DFW International Airport.

However, traffic was still down about 60% compared to a year ago, according to the security screening agency.

Even after the busy holiday period, the industry was preparing for a disappointing finish to the year.

On Monday, JetBlue warned that fourth-quarter revenue would be lower than expected because “booking trends

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Howard University is planning to launch a digital business center

Supported by a donation from marketing software company HubSpot, D.C.-based HBCU Howard University is planning to launch a Center for Digital Business to offer business education programming over the next five years.

The center will hold a physical space inside of Howard’s business school and will be open for collaboration between students, faculty and biz leaders. The center’s programming will focus on three areas: academics, experiential learning and support for job readiness.

“For our students to remain competitive, it is critical that they have exposure to the latest technologies and processes that are utilized in the current business environment,” said Anthony Wilbon, dean of the Howard University School of Business, in a statement. “The new Center will certainly accelerate our goal to enhance students’ skills so they can be immediate contributors to the digital workforce.”

The new center aligns with the university’s goal of creating a better

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