Market Chatter: Judge Blocks Visa, Mastercard $30 Billion Swipe-Fee Settlement-February 2024-www.financetom.com

Market Chatter: Judge Blocks Visa, Mastercard $30 Billion Swipe-Fee Settlement

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Market Chatter: Judge Blocks Visa, Mastercard $30 Billion Swipe-Fee Settlement

Jun 25, 2024 8:42 AM

11:23 AM EDT, 06/25/2024 (MT Newswires) -- A federal judge in Brooklyn has rejected a $30 billion settlement between Visa (V), Mastercard ( MA ) , and retailers to cap swipe fees for credit cards after hinting earlier in June that such a ruling could be expected, Bloomberg reported Tuesday.

Judge Margo Brodie for the US District Court for the Eastern District of New York ordered the parties to discuss and respond to the ruling by Friday, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 275.22, Change: -1.08, Percent Change: -0.39

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