Tag Archive: credit cards

Proposed Settlement in Swipe Fee Litigation

July 18, 2012 1:43 pm Published by

Late last week, Visa, MasterCard and several of the nation’s largest banks signed on to a proposed settlement agreement in an antitrust class action lawsuit over swipe fees and allegations of price fixing. The settlement, while a step in the right direction but far from ideal, illustrates the dire need for further swipe fee reform.