A federal judge in Brooklyn has formally rejected a $30 billion antitrust settlement between Visa, Mastercard, and retailers aimed at capping credit-card swipe fees. The decision, made by US District Judge Margo Brodie on Tuesday, follows earlier indications that such a setback was likely. The proposed settlement was intended to limit the fees charged to merchants who accept Visa and Mastercard credit and debit cards. Some merchants had expressed concerns that the settlement did not go far enough to provide them relief from these fees. The rejection represents a significant blow to Visa and Mastercard's efforts to resolve longstanding disputes over swipe fees.
U.S. judge rejects Visa and Mastercard’s $30-billion swipe fee settlement https://t.co/5IpIF6GDeo
Judge rejects rejects Visa, Mastercard $30 billion swipe fee settlement | Chain Store Age #retail #ecommerce #shopping #consumers https://t.co/OxplZNe9bh
US District Judge Margo Brodie rejected Visa, Mastercard's $30 billion swipe fee settlement. Brodie said she was not likely to grant final approval to the settlement and therefore denied the request by a group of merchants for preliminary approval https://t.co/mTbCu1q1xG https://t.co/t0952M48mj
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A federal judge denied a request from Visa and Mastercard to green-light a settlement that some merchants felt did not go far enough to provide them relief from credit card fees. https://t.co/iXnDlClchM
A federal judge has rejected a $30 billion settlement between credit card companies and retailers over swipe fees https://t.co/8daqEA88Fi
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US judge rejects Visa, Mastercard $30 billion swipe fee settlement https://t.co/jqz7IqgX63
A US judge rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit cards https://t.co/mTbCu1qzne https://t.co/N0Ylg5X5OU
🔵 US JUDGE BLOCKS VISA, MASTERCARD $30 BILLION SWIPE FEE SETTLEMENT A U.S. judge on Tuesday blocked Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants. Full Story via Reuters on PiQ Suite - Link in Bio https://t.co/ZiqeXWRqUh
A federal judge in Brooklyn formally rejected a $30 billion settlement between Visa, Mastercard and retailers to cap credit-card swipe fees after telegraphing earlier this month that such a setback could be expected. https://t.co/36ZUD2jq4b
NEW: A federal judge formally rejected a $30 billion settlement between Visa, Mastercard, and retailers to cap credit-card swipe fees. https://t.co/b1yojkGDlq
$V VISA, $MA MASTERCARD $30 BILLION SWIPE-FEE DEAL BLOCKED BY JUDGE
VISA, MASTERCARD $30 BILLION SWIPE-FEE DEAL BLOCKED BY JUDGE $V $MA