Judge Approves 38 Billion Dollar Card Fee Settlement
A federal judge in New York has approved a revised settlement between Visa, Mastercard, and millions of merchants over credit card processing fees. The deal aims to lower interchange rates and provide retailers more flexibility in card acceptance through 2031.
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VISA INC-CLASS A SHARES and MASTERCARD INC - A secured preliminary approval for a $38 billion antitrust settlement to reduce merchant swipe fees. This revised agreement follows a judge's rejection of a smaller $30 billion proposal two years ago in the United States. The ruling marks a significant step toward resolving two decades of litigation over fee structures that cost merchants $118.8 billion in 2025.
