Yhn HealthMedicine first seen 1 d ago, last 26 min ago, peak #3
Visa, Mastercard and major banks face new antitrust lawsuit over fees
Original: Visa, Mastercard, major banks facing new litigation over 'anticompetitive' fees
Visa, Mastercard and several major banks are facing new litigation alleging they conspired to impose anticompetitive credit card transaction fees on merchants. The suit adds to longstanding legal pressure over interchange and swipe fees, which retailers argue inflate costs passed on to consumers. The companies have historically denied wrongdoing in similar cases.
Why now: Fresh litigation against the dominant payment networks renews debate over merchant card fees and their effect on prices.
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