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Yhn HealthMedicine first seen 1 d ago, last 1 h 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 a new lawsuit alleging that credit card transaction fees charged to merchants are anticompetitive. The litigation adds to ongoing legal pressure over interchange fees, which retailers argue inflate costs and are passed on to consumers. The case is drawing attention as debates over swipe fee reform and card network market power continue in the United States.

Why now: Ongoing scrutiny of card swipe fees and antitrust pressure on payment networks keeps the topic in the news.

VisaMastercardmajor banks

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