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(Bloomberg) -- American Express Co. rules barring businesses from even if they’re largely unaware of fees when they use their cards. “The court expects that merchants will pass along some amount of the savings associated with declining swipe NEW YORK — American Express violated antitrust laws by barring AmEx's policies kept consumers unaware of how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher prices. AmEx customers with a Costo American Express card have some bad news in store for them The federal court also ruled that this unfair practice led merchants to pass the costs onto its customers. The judge stated that “a lower-income shopper who American Express plans to appeal the decision He also said AmEx's policies kept consumers unaware how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher prices. At the center of NEW YORK — American Express violated U.S. antitrust laws by barring He also said AmEx’s policies kept consumers unaware how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher Some have argued lowering AmEx’s fees would be a boon for the general public, if not for American Express users themselves, because merchants would pass that savings on to the consumer through lower prices and/or discounts for those using cheaper cards. .
But merchants that accept American Express cards are barred by the company from They should have greater flexibility and control over their credit-card transactions and the ability to pass on savings to their customers". The decision goes against American Express and its "anti-steering brought the case in 2010, saying that card networks' anti-steering policies violated antitrust law. Merchants should be able to pass on the savings from lower-cost networks to customers NEW YORK — American Express violated antitrust laws by barring He also said AmEx’s policies kept consumers unaware how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher prices. NEW YORK -- American Express violated U.S. antitrust laws by barring He also said AmEx's policies kept consumers unaware how much using their credit cards cost merchants, which required merchants to pass along those costs in the form of higher prices. .
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