Tag Archives: $18.6

MasterCard faces $18.6 billion UK suit over fees

 MasterCard, the world’s second largest credit and debit card issuer, is being sued for $18.6 billion in the United Kingdom. Court documents filed in London on Thursday allege the firm charged unlawfully excessive fees on millions of transactions when customers paid for items in stores between 1992 and 2008, resulting in higher prices for consumers. The lawsuit was… Read More »