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Mastercard is set to face the uk s largest class action trial over its payment fees after a london tribunal gave the group bringing the suit the green light to proceed. the competition appeal tribunal ruled that walter merricks, the former head of the uk financial 0mbudsman service, can represent some 46 million consumers, in the first british judicial certification of a class action claim of its kind. merricks had been seeking around £14 billion, or $19 billion, in damages. anna macdonald is fund manager at amati global investors. what do you make of this story? it sounds a bit like david and goliath, doesn t it? goliath, doesn t it? yes, absolutely. goliath, doesn t it? yes, absolutely. the - goliath, doesn t it? yes, | absolutely. the consumer goliath, doesn t it? yes, - absolutely. the consumer rights act of 2015 really paved the way for these mass claims to become possible, so it has ....

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