Credit card companies, banks hit with class action – The Globe and Mail #SwipeFees


Two law firms say they have filed a class-action lawsuit against Visa and MsterCard  and some of the country’s biggest banks, alleging they worked together to fix prices charged to merchants.

The suit, filed by Branch MacMaster LLP and Camp Fiorante Matthews, claims that the credit card companies and banks force retailers to accept all of their credit cards — even if the cards charge them higher processing fees.

via Credit card companies, banks hit with class action – The Globe and Mail.

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