WASHINGTON—A judge this week said debit card users in nearly a dozen states may pursue class-action claims accusing American Express of driving up merchants’ fees on transactions and causing consumers to pay hundreds of millions of dollars in overcharges.
According to Reuters, U.S. District Judge Nicholas Garaufis in Brooklyn certified class of debit card users that includes consumers in Illinois, Ohio, North Carolina and other states and the District of Columbia.
Garaufis denied class action status for credit card users, however, Reuters reported.
The judge found credit card reward programs and other variables introduced too many differences among the potential class members, Reuters said, adding the 59-page ruling was the latest development in long-running litigation over rules that can bar merchants from encouraging, or ‘steering,’ consumers to use certain cards for purchases over others.”
Now With Free Shipping! The CUToday.info Daily News Email Keeps Getting Better!
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?