FTC Loses Bid To Restrain Credit Card Processing Cos.

Law360, New York (August 14, 2013, 6:50 PM EDT) -- A federal judge in Washington state on Tuesday denied the Federal Trade Commission's bid to restrain Merchant Services Direct LLC and a handful of other credit card processing companies from selling their services to small businesses, ruling that the agency failed to demonstrate a likelihood of success on its claims.

U.S. District Judge Thomas O. Rice said federal law required the FTC to show that the FTC Act violations it accused the companies of are likely to recur in order to prevail on its claim for...
To view the full article, register now.