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UK Businesses Set to Claim $4 Billion in Damages Over Unlawful Card Fees

Thursday, September 12, 2024   (0 Comments)
Posted by: Sierra Lindemann
The Competition Appeal Tribunal has certified collective claims against Mastercard and Visa, allowing UK businesses to seek compensation for excessive multilateral interchange fees (MIFs). With losses estimated at over $4 billion, businesses in sectors like travel, hospitality and retail are urged to register their interest to claim their share of potential damages.

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