Visa and Mastercard Face Collective Actions in the UK
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On October 29, 2026, Hausfeld and Harcus Parker filed two proposed collective actions with the UK Competition Appeal Tribunal against the interchange fees charged by Visa and Mastercard on consumer card transactions in the UK. The lawsuits seek compensation from the two companies for interchange fees allegedly charged unlawfully, with the claims totaling approximately £5 billion. Current reports have not disclosed whether the UK Competition Appeal Tribunal has accepted the cases, or the companies’ responses.
AI-written from reports · updated 2 hours ago
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- Payments Cards & MobileVisa and Mastercard face approximately £5bn in interchange fee class actions in the UK
Hausfeld and Harcus Parker have filed two proposed class actions with the UK Competition Appeal Tribunal, seeking approximately £5bn in compensation from Visa and Mastercard for interchange fees allegedly unlawfully charged on consumers’ card transactions.
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