Industry | 2012.08.14
Cumberland Gulf Group Joins Growing Ranks of Merchants Opposing Settlement with Visa and MasterCard
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The Cumberland Gulf Group today announced its emphatic opposition to the proposed settlement of longstanding antitrust litigation between retailers and the credit card industry. The proposed settlement, announced on July 13th, does not make meaningful changes to the broken credit card swipe fee market and broadly restricts merchants’ rights to challenge the card industry’s anticompetitive practices in the future. “The proposal offers no long-term relief for re
For more information, please visit
http://www.businesswire.com/news/home/20[...]-Joins-Growing-Ranks-Merchants
