RILA Opposes Interchange Settlement

ARLINGTON, Va. — The Retail Industry Leaders Association on Wednesday said it opposes the proposed settlement of antitrust litigation against credit-card companies related to interchange fees and is encouraging plaintiffs to reject the settlement.

Visa, MasterCard and their member banks in July proposed settling the lawsuits, which allege that they colluded to set interchange fees artificially high, by paying merchant plaintiffs $6.05 billion, plus an estima

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