Thread: £14bn Mastercard class action gets green light from court

A £14bn class action against Mastercard for allegedly overcharging 46 million British consumers during a 15-year period has been given the green light to proceed.

Almost every adult in the UK – even if they never had a Mastercard – could receive a payout of up to £300 from the credit card company after a supreme court ruling paved the way for the class action lawsuit.

The legal action taken by the former financial ombudsman Walter Merricks claims that 46 million UK consumers paid higher prices in shops over a 16-year period because of allegedly excessive transaction fees charged by the company.

PS14bn Mastercard class action gets green light from court | Money | The Guardian

Originally Posted by harrybarracuda

Almost every adult in the UK – even if they never had a Mastercard – could receive a payout of up to £300 from the credit card

Really?

Or lawyers making grandiose headlines?

£14bn is worth fighting for, so if MC lost they'd either offer tuppence in the £ or run it through the courts till those 46m consumers died off.

Originally Posted by TheRealKW

Really?

Or lawyers making grandiose headlines?

Did you not get your PPI seven grand?

All you had to do is ask for it.