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“DOJ’s Antitrust Suit Against American Express Will Steer Profits to Merchants, But Won’t Help Consumers”

On January 10, 2011 by Schnader

Stephen J. Shapiro and Levi E. Jones co-authored the article, “DOJ’s Antitrust Suit Against American Express Will Steer Profits to Merchants, But Won’t Help Consumers,” published in Bloomberg Law Reports – Antitrust & Trade, Vol. 4. No. 1. Most customers presumably never have thought about why different credit cards offer different rewards at the cash register and paying in cash offers none, but the U.S. Department of Justice has been looking into this very question for some time. And the DOJ’s conclusion seems to be that what goes on in the checkout line is unlawful. This article discusses the DOJ’s resultant suit against American Express.