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W.Va. settles with Visa, Mastercard over credit, debit fees
January 16, 2008
Consumer Affairs.com: The state of West Virginia has reached a settlement with Visa USA and MasterCard Worldwide, requiring each credit card companies to set aside $12.1 million to provide tax relief in the form of a sales-tax moratorium for West Virginia citizens. In October 2003, Attorney General Darrell McGraw filed suit against Visa and MasterCard, charging the companies with violations of West Virginia's antitrust and consumer protection laws. The state sought restitution and civil penalties on behalf of West Virginia consumers.
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