Follow-Up on Debit Card Swipe Settlement

Last week, we advised that the U.S. District Court gave final approval to a $5.54 billion settlement in the class action lawsuit against VISA, MasterCard and the largest card-issuing banks over card swipe fees and overcharges to businesses since 2004. We also reported that DDIFO is in discussions with Class Action Refunds to possibly provide…

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Interchange Fee Settlement Proposed Again

It has been bouncing around for a good number of years now and was thought to be settled a few years ago before that settlement was ultimately rejected. Now, it would appear that a settlement has again been reached in the class action suit over VISA and MasterCard Interchange Fees. The lawsuit stems from claims…

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Court Rejects Swipe Fee Settlement

The “swipe fee” class action suit is back in play after the 2nd U.S. Circuit Court of Appeals reversed a lower court decision upholding the settlement.  A $7.25 billion settlement had been reached back in 2012, but that agreement was challenged in court by the National Restaurant Association and the National Retailers Association on antitrust…

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