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Major U.S. retailers including Target and Walmart have formally opposed a proposed class-action settlement with Visa and Mastercard regarding credit and debit card fees through a series of filings in New York federal court. The objections criticize the settlement for not adequately addressing the concerns of the merchants. The settlement proposes to cap rates for card fees for a period of five years, but the retailers argue that this does not go far enough in resolving the issues.
Why Visa and Mastercard's Swipe Fee Settlement Fails Main Street https://t.co/GYq97fyGEO
Retailers including Target and Walmart urged a federal judge to reject a proposed class-action settlement with Visa and Mastercard over card fees. The objections tee up what is expected to be a major showdown over the fairness of the settlement https://t.co/x3PVhwoy1s https://t.co/zmBkqjkmvc
Target, Walmart, and other retailers have urged a U.S. judge to reject a proposed class-action settlement with Visa and Mastercard over credit and debit card fees, saying the accord does not go far enough @MikeScarcella https://t.co/x3PVhwoy1s https://t.co/tbPg2iOQFL
