Mmastodon BusinessFinance first seen 11 h ago, last 5 h ago, peak #3
Visa, Mastercard and Major Banks Face New Fee Lawsuit
Original: Visa, Mastercard, Major Banks Facing New Litigation over 'Anticompetitive' Fees https://www.classaction.org/news/visa-ma
New litigation has been filed against Visa, Mastercard and several major banks over credit card transaction fees charged to merchants, which the suit alleges are anticompetitive. The case adds to long-running legal pressure on the card payment industry over interchange fees, with merchants arguing they pay inflated costs due to a lack of competition.
Why now: Newly filed antitrust litigation against the largest card networks and banks has drawn fresh attention to merchant fee practices.
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- Visa, Mastercard, Major Banks Facing New Litigation over 'Anticompetitive' Fees https://www.classaction.org/news/visa-mastercard-major-banks-facing-new-litigation-over-anticompetitive-merchant-credit-card-transaction-fees # HackerNews # Tech # Finance · hackernews@robot.villas · 4
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