American Express Faces Class-Action Lawsuit on Rules for Merchants

Debit card users in nearly a dozen states have been granted the ability to pursue class-action claims against American Express. This follows a Tuesday (Jan. 9) ruling by U.S. District Judge Nicholas Garaufis, Reuters reported Wednesday (Jan. 10). The lawsuit accuses the company of driving up merchants’ fees on transactions, resulting in consumers paying hundreds of millions of dollars in overcharges, according to the report. American Express did not immediately reply to PYMNTS’ request for comment. While cr ...