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Durbin Rips $7B Visa, MasterCard Interchange Settlement

By Bill Donahue ( August 7, 2012, 8:21 PM EDT) -- Sen. Richard Durbin, D-Ill., urged retailers Thursday to reject a $7.25 billion proposed settlement with Visa Inc. and MasterCard Inc. in antitrust multidistrict litigation over interchange fees paid by merchants, calling the deal a "stunning giveaway."...

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