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MA Jul 2024 510.000 call

OPR - OPR Delayed price. Currency in USD
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0.88000.0000 (0.00%)
As of 01:35PM EDT. Market open.
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  • Reuters

    Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says

    A federal judge said Visa and Mastercard can likely withstand a "substantially greater" settlement with merchants who said they overpaid on swipe fees than the $30 billion accord she rejected this week. U.S. District Judge Margo Brodie in Brooklyn made her assessment in an 88-page opinion released on Friday, three days after announcing her rejection of the preliminary settlement. The accord covering more than 12 million merchants would have lowered and capped swipe fees, also known as interchange fees, they pay to handle Visa and Mastercard transactions.

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