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
- New leadership team takes helm at State Bar
- Governor signs legislation to protect Michigan children, consumers, and communities
- Nessel argues to cut Consumers Energy rate hike in half
- Detroit man bound over on two counts of transporting individuals for prostitution
- Howell man arraigned for allegedly threatening judge
headlines National
- Melissa Hart, the chair of the ABA Legal Ed council, dies
- Judge suspended after indictment over alleged perjury
- Bill Withers’ music publisher files copyright suit over Olivia Dean’s ‘I’ve Seen It’
- Judge reinstates US attorney in Washington fired by Trump
- Interim law dean of University of Florida named to permanent role
- Clio acquires Learned Hand, an AI company for courts, judges
