Major U.S. retailers including Target and Walmart have formally opposed a proposed class-action settlement with Visa and Mastercard regarding credit and debit card fees through a series of filings in New York federal court. The objections criticize the settlement for not adequately addressing the concerns of the merchants. The settlement proposes to cap rates for card fees for a period of five years, but the retailers argue that this does not go far enough in resolving the issues.
Why Visa and Mastercard's Swipe Fee Settlement Fails Main Street https://t.co/GYq97fyGEO
Retailers including Target and Walmart urged a federal judge to reject a proposed class-action settlement with Visa and Mastercard over card fees. The objections tee up what is expected to be a major showdown over the fairness of the settlement https://t.co/x3PVhwoy1s https://t.co/zmBkqjkmvc
Target, Walmart, and other retailers have urged a U.S. judge to reject a proposed class-action settlement with Visa and Mastercard over credit and debit card fees, saying the accord does not go far enough @MikeScarcella https://t.co/x3PVhwoy1s https://t.co/tbPg2iOQFL
Target, Walmart, and other retailers opposed a class-action settlement with Visa and Mastercard over credit and debit card fees in a series of filings in New York federal court. The settlement with merchants would cap rates for card fees for five years https://t.co/x3PVhwoy1s https://t.co/XjoYO2lHzU
Major US retailers blast Mastercard, Visa card fees settlement https://t.co/tcyLZBucQz https://t.co/1jDQkwYbfz
Target, Walmart and other retailers have urged a US judge to reject a proposed class-action settlement with Visa and Mastercard over credit and debit card fees, saying the accord does not go far enough https://t.co/x3PVhwp5R0 @MikeScarcella https://t.co/DgeFJBKm3h
Credit and debit cards, digital currency, and other electronic transactions all slip in hidden "swipe" fees. Yes, you get charged a fee for spending your own money. Fewer establishments take cash these days, even though right on every bill is the statement of law that cash money…