Swipe Fee Settlement Gets Preliminary Approval
Despite an outcry from retailers and trade groups, the proposed $7.25 billion settlement between merchants and Visa, MasterCard and several large banks over interchange fees took another step to...
View ArticleExpedited Appeal of Swipe Fee Settlement Denied
The Second Circuit Court of Appeals denied a request by Home Depot and other merchants to speed up the appeals process in a class action settlement over swipe fees. The U.S. appeals court is postponing...
View ArticlePaying by Credit Card Could Cost You More Beginning Sunday
Beginning this Sunday, retailers in most states could begin charging you a fee when you buy something with a credit card. But most industry analysts feel competition will limit the number of merchants...
View ArticleMajor Retailers Formally Oppose Swipe Fee Settlement
The National Retail Federation and 19 large retailers, including WalMart, Costco, Gap, Lowe's, Nike and Starbucks are choosing not to participate in the pending $7.2 billion class-action settlement...
View ArticleFinal Hearing Today on Swipe Fee Battle
The eight-year legal battle over interchange fees will culminate in a final hearing today in a Brooklyn federal court. U.S. District Judge John Gleeson will hear arguments on whether to give final...
View ArticleRetail Group Appeals Swipe Fee Settlement
After a federal judge approved the $5.7 billion settlement over interchange fees between credit card companies and retailers, the National Retail Federation has filed an appeal, claiming that the...
View ArticleClik here to view.
Retailers Urge Supreme Court to Support Appeals Court Decision on Swipe Fee...
The Retail Industry Leaders Association and the National Retail Federation (NRF) have asked the United States Supreme Court to uphold an appeals court ruling that struck down a controversial 2012 class...
View Article