- Paolo Mengozzi, the Advocate General of the European Court of Justice, has recommended that Europe's top court reject an appeal by MasterCard (MA) against an EU ban on its cross-border card fees.
- Judges at the court usually follow the recommendations of the Advocate General; they are due to rule on the charges in the coming months.
- The EU argues that the fees, which are imposed on retailers' credit- and debit-card transactions, breach the bloc's antitrust regulations.
MasterCard dealt blow in Europe over fees
Jan 30 2014, 05:09 ET