Visa, Mastercard $30 billion fee settlement in peril

NEW YORK - Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord.

Swipe fees totaled $172 billion in 2023, and have more than doubled in the last decade, according to the Merchants Payments Coalition, which represents retailers, grocers, convenience stores and gas stations. Mother of the Bride's Dress Steals Spotlight, Internet Claims She Tried to Upstage Daughter: 'No Regrets'

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Judge Likely to Kill $30 Billion Visa, Mastercard Swipe-Fee DealA $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation.
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