Co-Op Group Rejects Interchange Settlement

IOWA CITY, Iowa — National Cooperative Grocers Association here on Friday said it has joined other retail groups in rejecting the recently proposed settlement of a class-action antitrust lawsuit against Visa, MasterCard and their card-issuing banks.

As previously reported, the card issuers offered about $7.25 billion to settle charges that they conspired to fix interchange fees on credit cards. Other retail groups that have rejected the poposed settlement in

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