Legal

Legal
Consumer Class-Action Suit Against Visa, Mastercard Allowed To Go Forward
November 21, 2016

Visa, Mastercard and banks in the U.S. are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. According to a report by Fortune, last week, the Supreme...

Legal
Retailers Want Amex Anti-Steering Case Reheard
November 16, 2016

American Express is facing a push by the Retail Litigation Center (RLC) and the National Retail Federation (NRF) to have the full 2nd U.S. Circuit Court of Appeals take up a lawsuit over rules that prevent retailers from encouraging customers to use credit cards that don’t...

Legal
DOJ Wants Appeals Court To Rethink Amex Decision On Antitrust Steering
November 11, 2016

The U.S. government on Thursday (Nov. 10) requested a federal appeals court to reexamine a recent decision that lets American Express prevent merchants from encouraging customers to use credit cards outside of Amex that have lower fees associated with them. According to a report by Reuters, the...

Legal
Bank Of America Facing Lawsuit Over Debit Card Fees For Prisoners
November 10, 2016

Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. According to a federal class-action lawsuit, covered...