A U.S. judge tentatively approved a $38 billion settlement that resolves long‑standing swipe‑fee litigation involving Visa and Mastercard. The ruling resolves years‑long disputes over interchange fees, reshaping how retailers pay card processing costs and potentially affecting consumer prices. Visa, Mastercard, U.S. merchants, lead plaintiffs' law firms, and the presiding judge in the Eastern District of New York. Final court approval is expected later this year, followed by possible appeals and implementation of new fee structures across the payments ecosystem. A judge has tentatively approved a $38 billion settlement regarding swipe fees charged by Visa and Mastercard. This ruling underscores the regulatory scrutiny faced by these companies and the shifting landscape of payment processing fees, which have significant implications for retailers and consumers alike.
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