Amex Slapped With Antitrust Suit, Visa & Mastercard Settle

Amex Slapped With Antitrust Suit, Visa & Mastercard Settle

The Justice Department sued Amex today, saying that the restrictions it places on merchants were anti-competitive. According to the complaint, the rules “impede merchants from promoting or encouraging the use of a competing credit or charge card with lower card acceptance fees.” [More]