NRF Vows to Fight Credit-Card Settlement

WASHINGTON — The National Retail Federation here said it will seek legal action to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over credit-card interchange fees.

“The National Retail Federation categorically opposes the proposed settlement,” said Matthew Shay, NRF president and chief executive officer, in a statement on Tuesday. "It does nothing to curb the anticompetitive behavior of Visa and MasterCard, and instead ensures th

Register to view the full article

Hide comments

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.
Publish