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

Register to view the full article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.