Visa, Mastercard Settle $38B Swipe Fee Lawsuit

A federal judge has approved a massive $38 billion settlement between Visa, Mastercard and merchants over inflated swipe fees. The landmark deal resolves years of litigation challenging the payment processors' pricing practices. This settlement represents one of the largest antitrust victories for retailers, who argued they were overcharged for processing credit and debit card transactions. The approval clears the way for eligible merchants to receive compensation from the settlement fund. ---