Federal Judge Gives Preliminary OK to $200B Visa-Mastercard Settlement With Retailers Over Swipe Fees

A federal judge granted preliminary approval to a $200 billion settlement resolving litigation between Visa, Mastercard, and retailers over swipe fees. The settlement ends decades of legal disputes concerning the fees merchants pay when customers use credit or debit cards. The litigation centered on so-called swipe fees charged by the card networks.

@business reported the judge's preliminary approval of the agreement.