U.S. Supreme Court Rules for Amex in Antitrust Case - Articles

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Posted by: Katharine Heriges on Jun 26, 2018
The U.S. Supreme Court ruled yesterday that American Express can continue contractually forbidding merchants from encouraging customers to use other credit cards with lower fees, CBS News reports. The case dates to 2010 when the Obama administration and more than a dozen states sued American Express, Visa and MasterCard for anti-steering rules. Visa and MasterCard have since changed their practices. “In this case, we must decide whether Amex’s antisteering provisions violate federal antitrust law. We conclude they do not,” Justice Clarence Thomas wrote in the 5-4 majority opinion.