At ProMarket, Giovanna Massarotto, Research Fellow at the Center for Technology, Innovation & Technology (CTIC) explores how regulators can better enforce antitrust laws in computer-run digital markets by incorporating lessons from computer science to combat algorithmic collusion.
The Federal Trade Commission (FTC) and Antitrust Division of the U.S. Department of Justice (DOJ) held another installment of their "listening tour" on April 27, 2022,1 with a focus.
this and then talk about how it will affect consumer when is she shop today. there was the case centered around allegations that the banks, along with some of the credit cards, actually conspired to unlawful efix the swipe fees. so the merchants were complaining they were paying too much. that s why this class action lawsuit went into place and it was over 7 million u.s. merchants, a huge payout, and one of the largest antitrust settlements of our time. gretchen: so now we fast forward. now fast forward. you started with the banks, the problems with the banks and the credit card companies with these swipe fees. now fast forward. so now the merchants will have to pay less in their swipe fees. so that s one thing good for the merchants and at the same time, in order to pay for however they re going to pay for this swipe fees, cause they rack up over $50 billion to do that, is that they now have the right to charge you and me! maybe not in new york, and we ll get to the states in a m