Mastercard Loses $18.6 Billion Class Action Court Ruling

Mastercard Loses $18.6 Billion Class Action Court Ruling

December 11, 2020, Bloomberg

Louise Freeman spoke with Bloomberg about the UK Supreme Court’s class action case against Mastercard over illegal swipe fees. Ms. Freeman says the ruling paves the way for further consumer class-action lawsuits, which were made possible by a 2015 law change, but have struggled to gain traction. The ruling means “it is not the job of the Competition Appeal Tribunal to set up too many hurdles,” she adds.