Discover wins $2.75 billion in damages to settle antitrust lawsuit against Visa and MasterCard Discover sought damages for imposing rules that prohibited member banks from issuing credit and debit cards over Discover Network. Discover receives $2.75 billion in the October 2008 settlement, the third ...
The article reports on the settlement a 2004 lawsuit filed by Discover Financial Services against Visa Inc. and MasterCard Inc. over anticompetitive rules which Discover claimed prohibited its growth. It says that Discover had sued the credit-card companies for imposing rules that allegedly prevented...
AN ECONOMIC ANALYSIS OF THE 2011 SETTLEMENT BETWEEN THE DEPARTMENT OF JUSTICE AND CREDIT CARD NETWORKS In 2010, the Department of Justice (DOJ) filed a lawsuit against the credit card networks American Express, MasterCard, and Visa for alleged antitrust viol......
Information on the settlement of the lawsuit between Discover, MasterCard International and Visa USA; Remarks from Philip Philliuo, of Exante.; Expansion plan of Discover for its debit card.EBSCO_bspAtm & Debit News
For example, avoid debt settlement offers that “guarantee” they'll be able to settle your debt, as it could be a scam. They may also advise you to stop paying your credit card bill — even the minimum amount due — which could lead to late fees, accumulated interest charges, and a...
Discover Posts Profit; Bank Aid?Discover Posts Profit; Bank Aid?The article reports on a fiscal fourth-quarter profit posted by Discover Financial Services Inc. on December 2008 on a gain from an antitrust-lawsuit settlement. In addition, the credit-card firm has applied to become a bank hold...
Number of violations of the federal Telephone Consumer Protection Act of which Discover is being accused; Value of settlement between the parties from an earlier lawsuit; Excerpts from Stacey J. Sandler, a Discover lawyer, indicating the company will not offer to settle this time; Efforts of Mey...