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Mastercard and Visa overcharged UK firms via ‘Brexit loophole’, multi-billion pound lawsuit claims
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Mastercard and Visa are set to be hit with a multi-billion pound legal claim alleging they used a loophole to overcharge UK businesses post-Brexit.
The card companies committed in 2019 to cap so-called interregional interchange fees for credit cards at 0.3% within the EU. Interchange fees are levied by banks on businesses when customers pay by card.
But...
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