A class action, in essence, a most powerful legal mechanism, is designed in United States law to bring a multitude of individual claims into a single case. The Payment Card Interchange Fee Settlement is an extraordinary case in itself, but what makes it extraordinary is the uniqueness of its traits...
Role of Credit Card Companies In The Interchange Fee Settlement
The recent settlement concerning the interchange fees for payment cards in the United States reveals the prominence with which two large credit card companies, Visa and MasterCard, serve as facilitators for payment processing. This settlement, which is a landmark one, embarks on the controversial issue of interchange fees in showing...