Amex Set To Face U.S. In Antitrust Trial Over Credit Card Fees
American Express is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees. At issue in the trial, expected to last two to three months, are American Express rules that bar its millions of merchants from offering incentives for customers to use less-expensive credit cards or cash when making purchases.
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