National Retail Federation

Supreme Court Rejects Revival of $7.25 Billion Credit Card Swipe Fee Settlement

Today, the U.S. Supreme Court refused to reinstate a $7.25 billion class action settlement that had previously been reached between retailers and Visa and Mastercard. This left in place an appeals court ruling that struck down the 2012 settlement on the basis that it was unfair to retailers who would receive no payments or benefits. A