Visa, Mastercard $30 Billion Swipe-Fee Settlement Likely To Be Tossed
Visa(V) Investopedia·2024-06-15 00:25
Key TakeawaysThe judge overseeing the massive credit card swipe-fee lawsuit reportedly is likely reject the agreement.The deal struck in March would have Visa and Mastercard reduce what they charge merchants to make card transactions.Critics said the plan didn't go far enough to address antitrust issues. Shares of Visa (V) and Mastercard (MA) edged lower in intraday trading Friday, a day after a federal judge reportedly threw cold water on a proposed $30 billion settlement of a long-running lawsuit charging ...