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Around 40 million British credit card users could be handed £450 each as legal action has been taken against MasterCard over £14billion of 'unfair charges' to customers.
A collective action was launched today that accuses the company of setting punitive transaction fees for retailers from 1992 to 2008, which were passed on to shoppers in the shape of higher prices.
All UK consumers who used MasterCard credit cards, or even cash, cheque, or any other payment method, for their purchases during that period and are currently living in the UK will automatically become part of the claim. They will, therefore, potentially benefit from any payout - unless they explicitly opt out.
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http://www.dailymail.co.uk/money/news/article-3779820/Shoppers-share-14bn-Mastercard-fees-legal-action.html
A collective action was launched today that accuses the company of setting punitive transaction fees for retailers from 1992 to 2008, which were passed on to shoppers in the shape of higher prices.
All UK consumers who used MasterCard credit cards, or even cash, cheque, or any other payment method, for their purchases during that period and are currently living in the UK will automatically become part of the claim. They will, therefore, potentially benefit from any payout - unless they explicitly opt out.
.
http://www.dailymail.co.uk/money/news/article-3779820/Shoppers-share-14bn-Mastercard-fees-legal-action.html
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Don't hold your breath
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don't have mastercard - fk.
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that will do nicely
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Jolly good!
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All UK consumers who used MasterCard credit cards, or even cash, cheque, or any other payment method, for their purchases during that period and are currently living in the UK will automatically become part of the claim.
Good news then for those of us who have never qualified for any sort of credit card. http://www.dailymail.co.uk/money/news/article-3779820/Shoppers-share-14bn-Mastercard-fees-legal-action.html Bad news then for those of us hoping this might have been any more than speculation. On the other hand, with the Bank of England and the government desperate for excuses to print money and make assets more expensive, this story might develop legs. I mean, if you look at how desperate they've been to hand out money to anyone daft enough to have bought PPI in the past, why not just go straight past any "compensation" b0ll0cks and simply hand over the cash to everyone directly? Give a couple £450 each, and they can add that to their 5% deposit for a flat and suddenly you can charge £18,000 more for the flat. Good news if you're trying to shift a few thousand empty new-build "luxury apartments" in some sh1tty part of London (i.e. any part of London). |