EU Court Backs Antitrust Watchdog On French Bank Card Fees

Law360, New York (November 30, 2012, 7:56 PM EST) -- A European Union court ruled Thursday that a French bank card group had hindered competition by imposing certain fees on new market players, upholding a 2007 European Commission decision banning the charges.

The EU General Court rejected an appeal from Groupement des Cartes Nancaires, known as CB, despite claims that the antitrust watchdog had misclassified the fees that the group said it used to prevent card issuers from free-riding on its system.

CB, which runs the largest payment card system in France, argued that the commission...
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