Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Retail opponents to interchange settlement to appeal
ALEXANDRIA, Va. (11/15/12)--Retailers who opposed the $7.2 billion interchange antitrust lawsuit settlement  that received a preliminary approval Friday from a U.S. District Court in Brooklyn, N.Y., announced they are filing a notice of appeal against the ruling.

The National Association of Convenience Stores said most of the 19 plaintiffs opposing the settlement with Visa, MasterCard and large banks will ask the U.S. Court of Appeals for the Second Circuit to deny the preliminary approval due to "fatal legal defects" in the settlement proposal.

The lawsuit was over swipe fees in credit card transactions.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
16 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
17 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
19 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
19 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
22 hours ago