Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Here's Why Britain's Regulatory Watchdog Is After Visa, Mastercard

Author: Anusuya Lahiri | June 21, 2022 07:41am

  • Britain looks to probe the card charges imposed by Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA), focusing on the post-Brexit jump in processing fees and cross-border transaction levies.
  • The regulator will conduct two reviews on the companies accounting for 99% of U.K. debit and credit card payments.
  • Visa and Mastercard have increased these fees fivefold since Brexit.
  • The U.K.’s Payment Systems Regulator sought to “understand the rationale behind these increases and whether they are an indication that the market is not working well.”
  • The EU removed the cap on transaction fees between the U.K. and Europe after Brexit, permitting card operators to increase cross-border payment charges.
  • The first review will examine the reason behind the fivefold post-Brexit hike in the cross-border interchange fee.
  • The second review is into fees for services allowing retailers to accept card payments.
  • Price Action: V shares traded 0.10% higher at $190.15 premarket on the last check Monday.
  • Photo via Wikimedia Commons

Posted In: MA V

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist