- Visa (V +1.6%) and MasterCard (MA +1%) tick higher after a U.S. federal judge approves the $5.7B class-action settlement that ended years of litigation over allegations that credit card swipe fees are improperly fixed.
- The settlement has been opposed by merchant trade groups and big-box retailers such as Wal-Mart (WMT -0.7%) and Target (TGT -0.9%), which say it won't prevent the fees from rising in the future and gives too much leeway to the card companies.
From other sites
at CNBC.com (May 12, 2015)
at CNBC.com (May 8, 2015)
at CNBC.com (Mar 24, 2015)
at CNBC.com (Mar 2, 2015)
Video at CNBC.com (Jan 29, 2015)
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