A federal judge on Tuesday rejected a $30 billion antitrust settlement under which Visa and Mastercard agreed to limit fees they charge merchants that accept their credit and debit cards.

The settlement announced in March was intended to resolve most litigation that began in 2005 over so-called swipe fees, also known as interchange fees, that merchants pay to accept Visa and ...

Visa and Mastercard ... reducing the cost of swipe fees should be welcome news,” Durbin said regarding the settlement. “However, I fear that this deal only provides temporary concessions ...

Later that month, Mastercard and Visa reached a $30 billion settlement with US merchants agreeing to cap credit-card interchange fees — fees charged to retailers every time you swipe your card ...

Credit card companies Visa and Mastercard and major US banks have agreed to a 7.25bn dollars settlement to retailers over card fees. The case, which has been going on for seven years, is over ...

A federal judge just scrapped a rule that capped credit card late fees at $8, down from over $30. This reverses a move made ...

The CFPB's 2024 final rule on credit card late fees has been vacated as a result of the lawsuit filed by several banking industry trade ...

Headline: Red Flag Warning from TUE 12:00 PM MDT until TUE 7:00 PM MDT Bulletin: .Very dry and windy conditions are forecast this afternoon, leading to numerous hours of critical fire weather ...

While Visa and Mastercard don't issue credit cards, they provide the infrastructure that makes credit card payments seamless. Things like your card's credit limit, interest rates, annual fees and ...