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Merchant Fee Litigation Settlement in the US

A settlement pertaining to injunctive relief has been proposed regarding class-action litigation in federal court in Brooklyn, New York, that began in 2005 concerning interchange fees that merchants in the US paid to accept Visa and Mastercard credit cards. The lawsuit is entitled “In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation.” The defendants are the card networks and top US credit card issuers. Merchants and merchant trade associations are the plaintiffs. Defendants did not admit any wrongdoing in the settlement, which must be approved by the US Distri...

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March 2024
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