The United States Court of Appeals for the Second Circuit upheld the $5.6 billion swipe fee settlement deal as part of the long-running class-action lawsuit regarding interchange fees charged by […]
03-23-2023 A federal Court has preliminarily approved a proposed settlement of a maximum of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO). The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws. A number of 黑料社区members who may be a part of this class have sought guidance as to how this process will proceed and what steps they should take as part of this process.
04-15-2019