Monday, November 20, 2017

© Reuters.  Supreme Court to take on AmEx fee case© Reuters. Supreme Court to take on AmEx fee case

  • A federal appeals court had previously thrown out a government suit saying American Express (NYSE:AXP) illegally harmed cardholders and merchants with rules prohibiting merchants from steering customers to lower-fee cards.
  • The government (U.S. and a number of states) appealed to the Supreme Court which this morning accepted the case.
  • AmEx is lower by 1.5% in early action.
  • Now read: Goodbye American Express, Hello Synchrony Financial

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