Visa, Mastercard Credit Card Fee Class Settlement Denied Approval By Federal Judge

(July 2, 2024, 1:16 PM EDT) -- BROOKLYN, N.Y. — A federal judge in New York denied preliminary approval of a class settlement in a nearly two-decade-long case over credit card interchange fees, opining that final approval of the agreement between the equitable relief class of merchants and Visa and Mastercard is unlikely based on concerns with the proposed relief for the class....