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Thread: Payment Card Interchange Fee & Merchant Discount Antitrust Litigation

  1. #1
    ams.norma is offline Junior Member
    Join Date
    Jan 2011
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    Default Payment Card Interchange Fee & Merchant Discount Antitrust Litigation

    Has anyone received a letter in reference to Payment Card Interchange Fee & Merchant Discount Antitrust Littigation? The letter states:

    The Court has preliminarily approved a proposed $6+ billion settlement in a class action
    lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust
    Litigation, MDL No. 1720 (JG)(JO). The lawsuit is about claims that merchants paid excessive
    fees to accept Visa and MasterCard cards because Visa and MasterCard, individually, and together with their respective member banks, violated the antitrust laws.

  2. #2
    RandyL's Avatar
    RandyL is offline Senior Member
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    Apr 2008
    Location
    Cedar Rapids, Iowa
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    Default Re: Payment Card Interchange Fee & Merchant Discount Antitrust Litigation

    Yes I got copies from PPI have not put much thought into what I will do about it though. I will likely sign on and get the $15 or whatever small amount they offer to vendors.
    Gina6k likes this.

 

 

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