Monday, March 27, 2006

"Court Battle Looms Over Credit Card 'Hidden Tax'" (Competition Law 360)

"Fed up with what they consider a “hidden tax” for merchants and consumers by credit card companies and their banks, merchants have decided to fight back with a large-scale antitrust class-action lawsuit against the major credit card companies. But past court decisions that have sided with the credit card companies could prove a significant challenge for the merchants as they fight their way through court."

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