Visa, Mastercard Swipe-Fee Deal With Retailers May Be Rejected, Bloomberg Reports
-- Visa's and Mastercard's settlement with retailers to cap swipe fees is unlikely to be approved, Bloomberg reported.
-- A federal judge in Brooklyn at a hearing on Thursday indicated that she won't approve the agreement, Bloomberg reported, citing court records.
-- The judge is expected to make an official decision in the coming days, according to Bloomberg.
-- According to terms of the agreement released in March, the deal would have let merchants charge consumers extra in transactions involving Visa or Mastercard credit cards, Bloomberg said.
Full article link: www.bloomberg.com/news/articles/2024-06-13/judge-likely-to-kill-30-billion-visa-mastercard-swipe-fee-deal
Write to Adam Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
June 13, 2024 19:06 ET (23:06 GMT)
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