A PYMNTS Company

US: In latest development of credit card fee case, judge threatens to hold retail groups in contempt

By  |  April 26, 2013

As retail trade groups work to have merchants reject the proposed $7.2 billion settlement made with regulators and Visa and Mastercard concerning the companies’ credit card fees, a federal judge has threatened to hold those retail groups in contempt over the website that urges the settlement proposal’s rejection. The move was dubbed “unusual” by reports. The website, merchantsobject.com, founded by the National Association of Convenience Stores, urges merchants to reject the settlement or opting out to it. US District Judge John Gleeson had suggested earlier this month that the site was misleading as it may lead merchants to believe that accepting the settlement was not an option. The NACS and its supporting trade groups now have a deadline of April 30 to argue why the judge should not order that the site be taken down.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Thomson Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.