Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

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

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.