Judge Gives Preliminary OK to $38 Billion Visa and Mastercard Settlement Over Swipe Fees
A federal judge on June 9 granted preliminary approval to a revised $38 billion settlement resolving long-running claims by merchants that Visa and Mastercard charged excessive interchange, or "swipe," fees. The deal, announced last November, follows the rejection nearly two years earlier of a smaller $30 billion accord and would impose modest fee …