S&P 5007,623.68▼0.5% Nasdaq25,955.34▼0.2% Dow52,215.16▼1.2% Russell 2K2,775.90▼0.3% 10-Yr4.99%+4bp VIX19.45+0.42 WTI$103.44▲4.0% Gold$4,010.00▼1.2% EUR/USD1.120▼0.3% BTC$79,964▼0.1% Nikkei62,908▼2.6%
At close · Sat, Oct 24, 2026
Daily Market Updates.

US Markets

Home›US Markets›Equities›Visa and Mastercard threatened with potential £5bn UK…

Visa and Mastercard threatened with potential £5bn UK lawsuit over fees

Reported · Written up by our desk · Equities

Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments Business live – latest updates Visa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees. The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal Tribunal in hopes of pursuing a group claim that would compensate companies who, they claim, have been overcharged on customer card payments since October 2020. Continue reading...

← Newer storySafety Company Acknowledges Hack 7 Months After Breach

More like this

US MarketsApple responds to user reports of broken iPhone Duo screens on new foldable phone
US MarketsFTC and 20 states sue Dollar General, alleging retailer overcharged shoppers
US MarketsBookies fear budget hit but gaming machine self-harm killed off the old-fashioned shops
US MarketsAnthropic's blockbuster share listing - 5 surprising things we now know
US MarketsMicrosoft offers voluntary buyouts to 60,000 employees

Sources

Guardian BusinessVisa and Mastercard threatened with potential £5bn UK lawsuit over fees

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.