Newspaper article St Louis Post-Dispatch (MO)

Supreme Court to Consider American Express Fee Dispute

Newspaper article St Louis Post-Dispatch (MO)

Supreme Court to Consider American Express Fee Dispute

Article excerpt

WASHINGTON * The Supreme Court is taking up an appeal by 11 states that argue American Express violated antitrust laws by barring merchants from asking customers to use other credit cards that charge lower fees.

The justices said Monday they would review a ruling by the federal appeals court in New York that sided with American Express.

The case stems from a lawsuit filed by states and President Barack Obama's administration in 2010 against American Express, MasterCard and Visa. The lawsuit said that letting merchants steer customers to cards with lower fees for merchants or to other preferred cards would benefit consumers and increase incentives for networks to reduce card fees.

Visa and MasterCard entered into consent judgments in 2011 and stopped their anti-steering rules for merchants while American Express proceeded to trial. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.