Judge Orders Repeal Of Visa Bylaw For Card Issuers

Law360, New York (June 19, 2007, 12:00 AM EDT) -- A district judge has ruled that Visa USA’s bylaw allowing it to charge its top debit card issuers for switching over to MasterCard Inc. should be repealed because it breaches a 2003 antitrust class action settlement.

On Friday, Judge Barbara Jones of the U.S. District Court for the Southern District of New York agreed with a report by the special master that determined Visa’s special fee violated the settlement.

She decided this month to amend her previous order, which required Visa to allow any of its...
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