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Amex’s anti-steering rules inflate prices, plaintiffs argue in US antitrust trial

By Samuel Rubenfeld and Khushita Vasant ( August 13, 2025, 00:08 GMT | Insight) -- American Express’s requirements for merchants that accept its credit cards raise prices for consumers and block competition for merchants, class action plaintiffs argued in their opening statement at a civil antitrust trial in a New York federal court.American Express’s requirements for merchants that accept its credit cards result in higher prices for consumers and blocked competition for merchants, class action plaintiffs argued in their opening statement today at a civil antitrust trial in a New York federal court....

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