Analysis

MasterCard Fine May Spark New Round Of Private Claims

Law360 (January 23, 2019, 9:57 PM EST) -- The European Commission's €570 million ($648 million) fine this week against MasterCard targeted now-defunct rules that prevented retailers from shopping around for cheaper banks in other countries, and experts say it could add to the avalanche of private damages retailers are already seeking following previous commission actions on card fees.

The commission has long been interested in various aspects of so-called interchange fees, which are paid by a merchant's bank to the bank of a cardholder when credit and debit card transactions are made. The MasterCard fine this week came over company rules that required banks to charge interchange fees based...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS