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Litigation

Apr. 29, 2003

Visa, MasterCard Must Disclose Fees

A recent Alameda County Superior Court decision forces Visa and MasterCard to disclose a 1 percent foreign currency exchange fee and to refund California residents and others throughout the country up to $800 million.

By Stefanie Knapp
        A recent Alameda County Superior Court decision forces Visa and MasterCard to disclose a 1 percent foreign currency exchange fee and to refund California residents and others throughout the country up to $800 million.
        A single plaintiff, Adam Schwartz, sued the companies for unfair or unlawful business practices,...

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