Amex Faces Off Against U.S. Government in Antitrust Suit

Now watching

Next video starts in : 7 Play

Amex Faces Off Against U.S. Government in Antitrust Suit

Amex Faces Off Against U.S. Government in Antitrust Suit
Replay video
Up next

American Express Misses on Revenue, Hurt By Stronger Dollar

Unlock your personal NFL Now stream by signing in to NFL.com

Amex Faces Off Against U.S. Government in Antitrust Suit

by TheStreet 1:00 mins

Amex Faces Off Against U.S. Government in Antitrust Suit

by TheStreet 1:00 mins

American Express heads to court to defend itself in an antitrust lawsuit brought on it by the U.S. Justice Department. The government agency charges Amex with impeding competition with its restrictions on merchants. The credit card company, which charges some of the highest processing fees, bans merchants from offering incentives to customers who pay in cash or with lower-charging credit cards. The lawsuit stems from a 2010 case whereby the Justice Department and 17 states, including Michigan, Ohio and Texas, sued Amex, Visa and MasterCard. However, Visa and MasterCard have since settled the charges against them.

TheStreet

Finance

  1. 4:19

    R.I.P. bull market?

  2. 14:02

    Bull market bust, GE reports and the secret to a successful fundraising campaign

  3. 3:15

    GE stock clinging to gains after earnings report

  4. 2:12

    Apple Watch, Greece, earnings from Facebook and Google: What to watch next week

  5. 2:05

    The sexy secret to a successful fundraising campaign

  6. 13:18

    Investors eye inflation; GE's earnings; Mattel's crowdsourcing