Seeking Alpha

MasterCard dealt blow in Europe over fees

  • 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.
Comments (3)
  • ChuckXX
    , contributor
    Comments (1107) | Send Message
     
    Speak to us in english. What exactly does this mean???
    30 Jan, 08:14 AM Reply Like
  • tomlos
    , contributor
    Comments (1112) | Send Message
     
    Exactly.... it's not terrible, it's moving upward today.
    30 Jan, 10:22 AM Reply Like
  • tom g
    , contributor
    Comments (55) | Send Message
     
    cross border fees are the most lucrative fees charged by the credit card industry. This is not new news, as the ruling is a couple of years old and MA along with V europe have already lost a previous appeal in the EU courts.
    30 Jan, 11:25 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|