US judge OKs Visa, Mastercard $38 billion swipe fee settlement - Reuters
US judge OKs Visa, Mastercard $38 billion swipe fee settlement Reuters
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Notable Quotes
"the settlement covering more than 12 million merchants was "fair, reasonable, and adequate," and that he was likely to eventually grant final approval."
— Brian Cogan , Executive
"fair, reasonable, and adequate"
— Brian Cogan , Executive
Key People
U.S. District Judge in Brooklyn, New York, who granted preliminary approval of the settlement.
Nobel Prize-winning economist who supported the settlement's potential benefits.
Professor at the University of Washington who provided expert analysis in support of the settlement.
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<a href="https://news.google.com/rss/articles/CBMipAFBVV95cUxQRnpZNVJidmdaMGhJWTRVMl96MXlMa1FzOE1qQWxKMnpwOFZqSVM2NGlKVEEwZ3ZLdTlBU19pWkFrSXBkWWg5WWRvUXpkUGJCV2ZXMWh2YWRrQ0FIdVo2eVNkdlN5bWhOaGtwajRFTVdneXhmTnJJN0lOelRTbmRlUi1LWVRIR0FuZV9Jb2NIZVRUNjZROHJJbGVjX3lLOW80MURhLQ?oc=5" target="_blank">US judge OKs Visa, Mastercard $38 billion swipe fee settlement</a> <font color="#6f6f6f">Reuters</font>
A U.S. judge granted preliminary approval to Visa and Mastercard's revised $38 billion settlement with merchants over swipe fees, nearly two years after a previous $30 billion proposal was rejected.
U.S. District Judge Brian Cogan in Brooklyn, New York, granted preliminary approval to Visa and Mastercard's revised $38 billion settlement with merchants who accused the card networks of charging too much to process payments on their credit cards.
A U.S. judge granted preliminary approval to a revised $38 billion settlement between Visa and Mastercard and merchants who accused the card networks of charging excessive fees to process credit card payments.
A U.S. judge has sanctioned the preliminary approval of Visa and Mastercard's revised $38 billion settlement with merchants, following allegations against the card networks of exorbitant payment processing charges.
A U.S. judge granted preliminary approval to Visa and Mastercard's revised $38 billion settlement with merchants who accused the card networks of charging excessive fees to process credit card payments.
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