Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Tag Archives: Sherman Act

Visa and Mastercard Obtain Preliminary Approval of Second Attempt at Interchange Settlement

Posted in Financial Services Litigation and Enforcement, Regulatory and Compliance
On January 24, 2019, Judge Margo K. Brodie of the U.S. District Court for the Eastern District of New York granted preliminary approval of Visa and Mastercard’s second attempt to settle the 13-year old antitrust litigation brought by approximately 12 million merchants, alleging that Visa, Mastercard, and several issuing and acquiring banks cons… Read the rest