Suit seeks damages from Visa, MasterCard and ATM operators for violating the antitrust laws
Fortune reports that The US Supreme Court has given the green light to class action lawsuits by consumers who claim that Visa and MasterCard along with several other banks of colluding to increase ATM access fees violating the antitrust law.
The lawsuit states that Visa and MasterCard were adopting rules that blocked ATM operators from lessening ATM transaction fees by payment processing network competitors.
Thailand based probate and inheritance lawyers specialize in helping clients recover estate assets in case of a death in the family
The suit also claims that US banks such as Bank of America, Wells Fargo and JPMorgan Chase were benefiting from the rules. The suit says that the banks controlled the networks and increased ATM fees before the companies became public.
Read more here
Related articles:
The Bank of Thailand Encourages Thai Investors to Trade in Yuan with China
{ 0 comments… add one now }