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Feds Target Credit Card Industry
BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: Uncategorized Archive 5: Feds Target Credit Card Industry
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Jennifer Persinger (Velvet)

Monday, June 12, 2000 - 10:36 am Click here to edit this post
Saw this and thought it'd be of interest to some.

http://dailynews.yahoo.com/h/ap/20000612/bs/credit_card_trial.html

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Christine Baker (Admin)

Monday, June 12, 2000 - 01:08 pm Click here to edit this post
Thanks Jennifer! From the article:

"NEW YORK (AP) - A lawyer for the Justice Department argued Monday that consumers were the losers when Visa USA and MasterCard allegedly teamed up to violate U.S. antitrust laws by limiting competition. Lawyers for the credit card companies said the allegations were ridiculous."

We'll see what happens.

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