Civil Plaintiff

Millions of Businesses Are Eligible for Part of a $5.5 Billion Visa Mastercard Antitrust Fee Settlement

Millions of business owners nationwide may be eligible for part of a $5.54 billion class-action settlement. 

The settlement has to do with Visa and Mastercard merchant fees that are alleged to have been inflated. 

Visa and Mastercard have admitted no wrongdoing and say their business practices are legal. 

The lawsuit, which has been “winding its way through the court system for nearly 20 years,” according to one lawyer involved, claims that Visa and Mastercard both violated antitrust laws because they set interchange fees, and that they allegedly conspired together about some of the challenged business practices.  

Read the source article at FOX 7 Austin

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