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Tuesday, May 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Credit card antitrust

BROOKLYN — A federal judge in New York allowed the antitrust claims brought against Visa and Mastercard for allegedly delaying the implementation of chip-enabled credit card systems to proceed; this anticompetitive behavior allegedly shifted liability for fraudulent transactions to merchants, such as Home Depot and 7-11, causing them to incur excessive chargeback fees.

Read the ruling here.

Categories / Briefs, Business, Consumers, Financial

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