interchange feesRSS

Plaintiff appeals UK Competition Appeal Tribunal decision in £14bn suit

Mastercard

Former financial ombudsman Walter Merricks is appealing the UK’s Competition Appeal Tribunal’s decision not to certify his claim in a proposed £14 billion ($18.2 billion) class action lawsuit against Mastercard over interchange.

House balks at repealing interchange reform

US

US retailers are claiming victory in the battle, if not the war, regarding proposed legislation that would repeal interchange reform included in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

US Supreme Court won’t revive settlement in interchange case

The court says no

A legal battle between merchants and payment networks over interchange fees that has been raging for more than a decade will continue now that the Supreme Court of the US has declined to restore a $5.7 billion settlement agreement that was tossed out by a lower court.

@banking
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