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Judge rejects multi-billion Visa, Mastercard settlement in swipe-fee case

Financial expert talks about ‘profound’ impact of retail credit cards: ‘There are so many strings attached’ A federal judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and MasterCard agreed to limit the fees they could charge merchants that accept their credit and debit cards. U.S. District Judge Margo Brody of the […]

Judge rejects $30 billion Visa, Mastercard swipe-fee settlement – The Washington Post

A federal judge on Tuesday rejected a $30 billion settlement proposal that would have capped the fees Visa and MasterCard charge merchants for credit and debit card purchases. The decision jeopardizes an agreement reached in March aimed at ending two decades of litigation over the card-swipe fees that card companies charge retailers for each customer […]

Judge rejects $30B Visa, Mastercard 'swipe fee' settlement

A federal judge on Tuesday rejected a $30 billion antitrust settlement between Visa, MasterCard and some retailers that had been condemned across the industry. Visa and MasterCard, which together control 80% of the credit-card network market, agreed in March to limit the interchange fees they charge retailers that accept their cards. As part of the […]

Visa, Mastercard $30B settlement over controversial swipe fees rejected

A U.S. court on Tuesday rejected a $30 billion antitrust settlement in which Visa and MasterCard agreed to limit the fees they could charge merchants that accept their credit and debit cards. U.S. District Judge Margo Brody in Brooklyn concluded that she was unlikely to give final approval to the settlement and denied the plaintiffs’ […]

US prosecutors recommend charges against Boeing for violating settlement

Horrified passengers watch as flames shoot out from an engine of a Boeing 737 on a Malaysia Airlines flight to India, Thursday, June 20, 2024. (Photo credit: Viral Press) US prosecutors have reportedly recommended that the Department of Justice (DOJ) bring criminal charges against Boeing for violating settlements related to two fatal crashes. The recommendation, […]

Family of South Carolina bride killed on her wedding night awarded $1.3m settlement

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