Visa and Mastercard have agreed to pay a combined $167.5 million to settle a class action lawsuit accusing them of conspiring to keep ATM access fees high.
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Visa
and Mastercard
have agreed to pay a combined $167.5 million to settle a class action lawsuit accusing them of conspiring to keep ATM access fees artificially high.
The proposed settlement was filed on Thursday in the federal district court in Washington and requires a judge’s approval.
A Visa and MasterCard settlement with merchants announced earlier this week could bring changes to your experience checking out.
The settlement is linked to two alleged data breaches in 2024.
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The settlement comes after a class action lawsuit accused Wells Fargo of violating the federal Fair Credit Reporting Act.
European Union antitrust authorities are scrutinizing fees charged by payments processing giants Visa and Mastercard, Bloomberg…
