ATM Users Swipe At Banks, Card Cos. In Antitrust Suit

Law360, New York (October 19, 2011, 6:57 PM EDT) -- A group of ATM users on Tuesday launched a putative class action against Visa Inc., MasterCard Inc., Bank of America Corp. and others in Washington federal court, accusing the credit card titans and banks of violating antitrust regulations by placing restrictions on ATM access fees.

Lead plaintiff and New Jersey resident Justin Genese brought the suit on behalf of a putative class that could include hundreds of thousands of direct purchasers who paid ATM access fees for withdrawing money from other banks' ATMs, allegedly in violation...
To view the full article, register now.