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Mastercard in trouble over excessive fees

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46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding £14 billion in damages for allegedly charging excessive fees.

That's according to court documents filed in London this week. 

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The case, brought by a former chief financial services ombudsman, alleges the payments company charged unlawfully high fees to stores when shoppers swiped their debit or credit cards and these were passed on to consumers in higher prices.

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