WASHINGTON (AP) — A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers.
The federal appeals court in Washington ruled Tuesday that a group of consumers and independent ATM operators could pursue antitrust claims against the companies.
A federal district judge had thrown out the lawsuit in 2013 after finding the plaintiffs failed to show any conspiracy to overcharge consumers.
But the appeals court said challengers could argue that the payment processors coordinated with Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. to adopt anticompetitive fees.
The lawsuit claims the companies impose contract terms preventing independent ATM operators from charging less when consumers use debit cards that can tap cheaper processing networks.
- Posted August 07, 2015
- Tweet This | Share on Facebook
Court revives antitrust lawsuit over ATM fees
headlines Macomb
- Lawyer publishes first of three children’s books
- An appeals court dismisses charges against a Michigan election worker who downloaded a voter list
- Supreme Court denies rehearing request by attorneys sanctioned for meritless election lawsuit
- Nessel testifies in support of BRITE Act
- A lab chief's sentencing for meningitis deaths is postponed, extending grief of victims' families
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case