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

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