A federal court in Minnesota yesterday granted class action status to a lawsuit by financial institutions against Target over the retailer’s 2013 data breach. Institutions eligible for the class include all U.S. issuers of payment cards compromised in the breach. Class action status will allow plaintiffs to coordinate representation, discovery, witnesses and other court processes.
Fed chair nomination hearing scheduled for next week
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.









