A recent class action lawsuit has been launched against Booking.com, alleging which claim the company's cancellation policies are unfair. Plaintiffs argue that Booking.com regularly charges significant fees even when cancellations occur early on, contradicting consumer expectations and resulting in financial hardship. The lawsuit seeks compensation… Read More
The Competition Appeal Tribunal (CAT) has reserved its previous decision on MasterCard's interchange fees, rejecting an appeal from the card issuer. This means that the prior finding that MasterCard's interchange fees are abusive will stand. The CAT overturned all of MasterCard's arguments, finding them to be lacking. This win for consumers is a ma… Read More
The competitive environment of the financial industry necessitates a robust legal framework to ensure fair practices. When it comes to disputes involving payment networks like MasterCard, the appeals process serves a crucial role in upholding competition law principles. Comprehending this process is essential for actors across the financial ecosyst… Read More