Judge Approves Visa, Mastercard Swipe Fee Settlement

A significant legal battle spanning two decades between Visa, Mastercard, and merchants over credit card swipe fees appears to be nearing its end. A judge has granted preliminary approval to a substantial $38 billion settlement. This agreement, announced in November, addresses the long-standing dispute concerning the fees merchants incur when processing credit card transactions. The judge's preliminary endorsement suggests the proposed settlement is considered fair, paving the way for its potential finalization and resolution of this protracted litigation.