A class-action case brought against Mastercard on behalf of 46 million customers has been revived after being dismissed by the Competition Appeal Tribunal in July 2017 on the basis of Mastercard's arguments against calls for compensation. The Court of Appeal in London has given permission to appeal against the dismissal, brought on behalf of alleged victims of excessive "interchange fees". This is a satisfying victory, but the focus now shifts to securing compensation for the 46 million UK consumers who lost out as a result of Mastercard’s action.’ In a statement issued today, the company said: "We are pleased that this matter is now before the Supreme Court. It follows the introduction of the Consumer Rights Act 2015, which provides for "opt-out" collective claims on behalf of individuals.
A class-action case brought against Mastercard on behalf of 46 million customers has been revived after being dismissed by the Competition Appeal Tribunal in July 2017 on the basis of Mastercard's arguments against calls for compensation. The Court of Appeal in London has given permission to appeal against the dismissal, brought on behalf of alleged victims of excessive "interchange fees". In a statement issued today, the company said: "We are pleased that this matter is now before the Supreme Court. It follows the introduction of the Consumer Rights Act 2015, which provides for "opt-out" collective claims on behalf of individuals.