Judge says Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion
Financial experts talk about “serious” consequences of retail credit cards. A federal judge on Friday Card Issuers Visa and Mastercard She is likely to be able to withstand a “significantly larger” settlement with retailers who claim they overpaid swipe fees than the $30 billion settlement offer she rejected last week. U.S. District Judge Margo Brody […]
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 […]