U.S. Sues AmEx for Antitrust

Credit Cards

Updated Apr. 24, 2017 5:30PM EDT / Published Oct. 05, 2010 2:03AM EDT

It’s the American way, we guess: The United States is slapping American Express with an antitrust suit after it failed to join an agreement agreed to by Visa and MasterCard that would allow merchants to offer incentives to shoppers who use cash or cards with lower merchant fees. "Because American Express has refused to change its rules, consumers are being held hostage from receiving the expanded choices and lower prices that they deserve under our settlement," said Attorney General Eric Holder. AmEx argues that the government will be handing more power to Visa and MasterCard, as they will steal AmEx customers with their new, lower fees. Isn’t that what we call competition?

Read it at The Wall Street Journal

Bodycam of DA Caught Speeding Shows Her Calling Police Chief

“I am THE DA!” Sandra Doorley can be seen telling the police officer in the footage.

Mayor Blasts Cop’s Treatment of Supermodel Gisele Bündchen

Bündchen broke down in tears after she was pulled over and told the police officer she had been trying to escape the paparazzi who had been following her.

Columbia Bars Student Who Called for Zionists ‘to Die’

“Be grateful that I’m not just going out and murdering Zionists,” Khymani James said.

Paramount’s Bob Bakish Reportedly Working on Borrowed Time

Sources say chief shareholder Shari Redstone is frustrated with his leadership.

Emma Stone Wants to Be Called by Her Real Name, Thank You

The actress also shared the origin story of her stage name in an interview with The Hollywood Reporter.

Delta Flight Makes Emergency Return After Slide Falls Off

The plane was about an hour on its way to Los Angeles when it was forced to turn around.

Britney Spears Reportedly Settles Her Legal Battle With Dad

“Although the conservatorship was terminated in November 2021, her wish for freedom is now truly complete,” said the singer’s lawyer.

Israel Repeatedly Targeted Designated Safe Zones: Report

The IDF dropped leaflets directing Palestinian refugees to safe areas around Rafah. Since then, all of these locations were targeted by IDF strikes, an investigation found.

U.S. Sues AmEx for Antitrust