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Bankrate Wins Appeal of BanxCorp Antitrust Suit Over Rate Tables

Feb. 25, 2021, 10:59 PM

Bankrate Inc., which runs a website focused on personal finances, secured its win Thursday against a lawsuit by rival BanxCorp., persuading the Third Circuit to reject claims that it monopolized the market for online rate tables linking to the services of mortgage lenders.

“BanxCorp raises a congeries of arguments, none of which we find persuasive,” Judge Thomas Hardiman wrote for the U.S. Court of Appeals for the Third Circuit in a nonprecedential opinion.

The ruling upholds a decision by Judge Claire C. Cecchi, who tossed the case from the U.S. District Court for the District of New Jersey in...

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