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Mallory Duncan

Visa, Mastercard Reach $6.2 Billion Settlement on Swipe Fee Class Action Suit

Visa, Mastercard and other financial institutions have reached a $6.2 billion settlement in a longstanding class action suit regarding merchant swipe fees. The companies previously agreed to a $7.25 billion settlement, but that was overturned by the Supreme Court. Credit card issuers, including JPMorgan Chase, Citigroup and Bank of America, have already paid $5.3 billion

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