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Small Iowa Credit Union Sues the World's Largest Tech Company

Affinity CU is named as the first plaintiff in a proposed class action antitrust lawsuit against Apple.

Apple Card payment. Apple Card payment. (Photo: Apple, Inc.)

The $137 million Affinity Credit Union in Des Moines, Iowa was the first plaintiff named in a proposed class action antitrust lawsuit against Apple, the largest tech company in the world.

Affinity is one of the 5,480 financial institutions worldwide that issue payment cards through Apple Pay, which is allegedly violating federal antitrust laws because it holds a 100% market control over tap-and-pay iOS mobile wallet, according to attorneys at Hagens Berman law firm in San Francisco. It bills itself as an international class-action and complex plaintiffs’ litigation law firm.

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Peter Strozniak

 

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