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Major banks and card networks face new class action over transaction fees

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Visa, Mastercard, and several major banks are facing new class action litigation. The lawsuits allege they imposed anticompetitive fees on merchants for credit card transactions. This legal action follows long-standing merchant complaints about these costs. The litigation was reported via a legal news source and discussed on Hacker News.

Read the full story at Hacker News

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Major banks and card networks face new class action over transaction fees · ShortSingh