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Mastercard faces down $18.5 billion UK Supreme Court interchange fees class action
The UK Supreme Court has ruled that it will allow a $18.5 billion (£14 billion) class action to proceed against Mastercard for allegedly overcharging on interchange fees to more than... more
The post Mastercard faces down $18.5 billion UK Supreme Court interchange fees class action appeared first on Payments Cards & Mobile.
MasterCard faces £19bn UK interchange fees legal battle
UK consumers are preparing a £19 billion ($24.7 billion) class action lawsuit against MasterCard, almost two years after a European Union court ruled the interchange fees the company had charged for cross-border transactions were unfair. Walter Merricks, a lawyer who once led the UK organization that handles consumer disputes with banks, has hired Quinn Emanuel Urquhart & [...]
The post MasterCard faces £19bn UK interchange fees legal battle appeared first on Payments Cards & Mobile.
