Reuters: US Dollar Report: EU regulator sees more problems with Visa credit card fees

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EU regulator sees more problems with Visa credit card fees Jul 25th 2012, 11:41 BRUSSELS, July 25 | Wed Jul 25, 2012 7:41am EDT BRUSSELS, July 25 (Reuters) - The European Commission will present new objections against Visa Europe, the European licensee of Visa Inc, in its efforts to bring down credit card fees, a senior official said on Wednesday. "We are preparing a supplementary statement of objections," EU Competition Commissioner Joaquin Almunia told a news conference, referring to the Commission's charge sheet of anti-trust concerns. The EU wants Visa to fall into line with EU laws governing levies on retailers' credit card transactions, having already dealt with problems related to debit card purchases. Visa Europe has said it wants a business-friendly method of setting fees.

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