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Itau-RedeCard bundling antitrust probe delayed following Brazil CADE councilor's request for review

By Maria Baumert and Flavia Fortes ( June 5, 2024, 19:09 GMT | Insight) -- Brazil’s antitrust agency delayed a final ruling in an antitrust probe into alleged bundling practices by Itau and RedeCard after a council member sought more time to review the matter. The request came after the case’s lead councilor found the companies’ conduct of bundling RedeCard’s accreditation services with Itau’s bank offerings anti-competitive, ordering the companies to refrain from providing special treatment for Itau’s clients regarding credit card receivables. Brazil’s antitrust agency delayed a final ruling in an antitrust probe into alleged bundling practices by Itau and RedeCard after a council member sought more time to review the matter....

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