Visa, Mastercard, Major Banks Facing New Litigation over 'Anticompetitive' Fees
Visa, Mastercard and several large banks have been sued in a fresh antitrust case alleging they conspired to set excessive interchange fees on card transactions. Plaintiffs claim the fees inflate costs for merchants and consumers, violating competition laws. The litigation seeks damages and changes to fee structures, adding to ongoing regulatory scrutiny of payment‑card pricing practices.