Friday, October 19, 2012

Card fee “settlement” just start of big legal battle. Susan Salehi Bankruptcy Ventura Oxnard Camarillo Santa Barbara Woodland Hills Los Angeles CA.

http://bkhelpnow.com/wordpress/2012/10/19/card-fee-settlement-just-start-of-big-legal-battle-susan-salehi-bankruptcy-ventura-oxnard-camarillo-santa-barbara-woodland-hills-los-angeles-ca/

  • (Reuters) – Visa, Mastercard and a group of retailers plan to ask a judge this week to approve a landmark settlement of a lawsuit over credit card fees, setting the stage for a battle with Wal-Mart and hundreds of other merchants who say it is a bad deal.
Announced in July, the $7.2 billion (4.5 billion pounds) settlement is intended to resolve seven years of antitrust litigation between merchants and credit-card companies and their banks over so-called “swipe fees” that retailers pay to process credit-card transactions.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.