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Amex 'anti-competitive' but ruling may not help consumers

US federal judge's ruling may bring lower card company fees for retailers, but not necessarily gains for consumers

American Express, of course, took issue with the judge's decision, saying it "would harm competition by further entrenching the two dominant payment networks, Visa and MasterCard".

New York

LAST week, a federal judge handed down a major ruling against American Express, deciding that the brand-name card issuer had engaged in anti-competitive practices for more than a decade.

The court ruled that a part of American Express' contract with merchants known as a "...

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