American Express Suing Card Companies Over Antitrust Violations
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American Express Co., the travel and financial services giant, on Monday sued Visa and MasterCard along with eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. banks.
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WASHINGTON/NEW YORK  - The Supreme Court on Monday  let stand a ruling that the Visa and MasterCard credit card  associations violated U.S. antitrust law by barring member  banks from issuing credit and charge cards on rival networks  owned by American Express Co. and Morgan Stanley.
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Bermuda-based insurance giant ACE Limited was yesterday implicated in damning allegations against the insurance industry from New York Attorney General Eliot Spitzer after he launched a lawsuit
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Minnesota's attorney general yesterday sued two subsidiaries of Capital One Financial Corp., contending that their "No Hassle" credit card ads were false, deceptive and misleading because they erroneously gave consumers the perception that their "fixed" interest rates would never increase.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the largest US drugstore chain, on Wednesday said it will no longer accept American Express&#39; roughly 36 million credit cards because of
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NEW YORK - Charge and credit card giant American Express Company said it rung up record third quarter profits as consumers went on a shopping splurge and extended their borrowings.
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Paris Hilton is suing over the use of her picture and catchphrase "That's hot" on a greeting card. Hilton sued Hallmark Cards Inc. in U.S. District Court seeking an injunction and unspecified damages to be determined at trial.
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American Express is suing Visa and MasterCard plus eight US banks, claiming anti-competitive tactics kept it out of the market. The litigation is the latest setback for Visa and MasterCard, which last month
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International credit card company  MasterCard Inc  may have violated European Union  antitrust rules by restricting competition between banks, the  EU&#039;s top competition authority said on Friday.
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The US Securities and Exchange Commission said on Tuesday it brought fraud and insider trading charges against former top executives of bankrupt credit card issuer NextCard Inc.
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A California-based privacy advocacy group is suing supermarket giant Albertson's over alleged privacy violations involving its pharmacy customers.
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American Express has sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.
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American Express, which fought for the right to sign deals with banks that issue cards on the Visa and MasterCard networks, said that it won a contract with Citigroup.
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American Express has seen its quarterly profits climb, thanks to rising credit card use especially by international cardholders.
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Customers of several popular online retailers, including Fandango.com, Priceline.com , and Staples.com, were victims of an alleged Internet scheme in which their credit cards were charged a monthly fee for a ``discount club" membership they had never requested, according to a class action lawsuit filed yesterday in US District Court in Massachusetts.
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Credit card company American Express  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a pre-tax charge of around $440 million for the fourth quarter.
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival American