Law360, New York (September 24, 2009) -- Credit card giants Visa Europe Ltd. and MasterCard Inc. have been fined by the Hungarian Competition Authority for allegedly conspiring with the country's major commercial banks to fix interchange fees.
The agency, known as the GVH, on Thursday announced fines of 477 million forints ($2.6 million) each against Visa and MasterCard. It also hit a dozen local banks — including...
