FTC's Pricing Inquiry Involves Mastercard and JPMorgan Chase
Tuesday, 23 July 2024, 15:55
FTC's Actions Aimed at Pricing Practices
The Federal Trade Commission (FTC) has launched a significant initiative to gather pricing insights from major firms, including Mastercard and JPMorgan Chase & Co. This move seeks to evaluate and influence competitive pricing strategies in the payment industry.
Purpose of the Inquiry
- The FTC aims to enhance fairness in financial pricing.
- Collection of data will inform regulatory decisions.
- Engagement with major banks and payment processors is essential.
This inquiry signifies the FTC's proactive stance in promoting transparency and competition in market pricing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.