E.C. Gears Up For Hearings On MasterCard Fees

Law360, New York (October 27, 2006, 12:00 AM EDT) -- Signifying that a decision may not be far behind in the decades-old case, the European Commission has set up hearings on how MasterCard International Inc. establishes its bank fees for credit card transactions.

The hearings will take place on Nov. 14 and 15 in Brussels, according to Commission antitrust spokesperson Jonathan Todd on Friday. Regulators will review interchange fees worth billions of euros paid between banks that process MasterCard charges on behalf of cardholders and retailers.

After the November hearings, “the Commission’s decision would normally be...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.