Antitrust Law

Democrats seek probe of new debit card fees – Detroit News

Rep. Peter Welch, D-Vt., and four other Democrats said late last week that they’ve asked Attorney General Eric Holder to investigate whether big banks violated antitrust laws before announcing the fees. Welch said the lawmakers have no evidence of collusion.

Congressional Progressive Caucus Co-Chair Grijalva Calls for Attorney General Investigation Of Anti-Trust Activity By Largest Banks – comcast.net

We urge you to immediately open an investigation to determine whether banking trade associations and/or individual banks have violated antitrust laws. Specifically, we are concerned that communications between banks and bank associations that may amount to …

Understanding China’s Social Insurance Law for Foreign Employees – Associated Content

It is mandatory for employers to buy certain types of insurance coverage, in certain countries. For example, in U.K. employers must buy employer’s liability insurance, and this can be obtained either locally or by extending the head office policy. As … Continue reading

Visa, MasterCard Accused Fixing Prices, Breaking Antitrust Laws By ATM Group – Huffingtonpost.com

A group representing operators of automated teller machines filed a lawsuit against Visa (V.N) and MasterCard (MA.N) alleging that the credit and debit card issuers violated antitrust laws by fixing the price of ATM access fees. The suit, which …

The law and the web just don’t mix – Gigaom.com

The recent congressional inquiry into Google’s trade practices highlights the bad fit between traditional antitrust law and the web. Mathew Ingram has written a lot about why the questions about Google’s search dominance are misguided …

Democrats call on Justice Department to investigate big banks – Marketwatch

Peter Welch, Democrat of Vermont, sent a letter Thursday calling on Attorney General Eric Holder to open an investigation into whether bank trade associations and individual banks have violated antitrust law by colluding. The letter comes after …

Magna shares slump on U.S. antitrust probe – Reuters

The Justice Department has contacted TRW Automotive Holdings Corp (TRW.N) and Autoliv Inc (ALV.N) in connection with possible violations of antitrust law, the two companies have said. Magna’s shares were down C$1.82 at C$37.13 on the Toronto …

UPDATE 3-Magna shares slump on U.S. antitrust probe – Reuters UK

The Justice Department has contacted TRW Automotive Holdings Corp (TRW.N) and Autoliv Inc (ALV.N) in connection with possible violations of antitrust law, the two companies have said. Magna’s shares were down C$1.82 at C$37.13 on the Toronto …

House Dems demand DOJ antitrust investigation of new bank fees – Raw Story

The liberal leaders suspected that the new fees might violate federal antitrust laws. The change that has caused the most public outcry is Bank of America’s decision to charge debit card users a $5 monthly fee. Lawmakers who signed the … Continue reading

Dems want anti-trust probe of debit card fees – CBS News

Five House Democrats today asked Attorney General Eric Holder to investigate whether banks and their trade associations are violating anti-trust laws with their new, unpopular debit card fees. Bank of America announced last month it will begin …