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Understanding Credit Card Debt Settlement. Before diving into the specifics, ... Take note of the interest rate, how much you owe, and most importantly, the status of the accounts.
The settlement stems from a court decision that upheld a final approval for a $5.54 billion settlement on behalf of merchants in a class-action lawsuit.
The value of the settlement, reached last year, decreased to $5.7 billion from roughly $7.2 billion after thousands of merchants opted out of the deal, according to Craig Wildfang, an attorney for ...
Visa, MasterCard in $6B credit card settlement. By ABC News. July 13, 2012, 11:44 PM ... then they're of limited value," says National Retail Federation general counsel Mallory Duncan.
Rather than forcing every one of the 6,000 or so credit card issuing banks in America to sit down and bilaterally negotiate an interchange fee with tens of thousands of merchants, Visa and ...
There are different options for credit card debt settlement. You can try the do-it-yourself approach or have an attorney or company settle debt on your behalf.
Other key provisions of the settlement included a requirement that each network ensure its average effective credit card interchange rate is at least seven basis points lower than the average ...
Visa and Mastercard reach a groundbreaking $30 billion settlement with U.S. merchants, ending two decades of antitrust litigation over swipe fees and merchant restrictions.
Seventeen major retailers have filed a federal lawsuit over a $7.2 billion settlement regarding “swipe fees” to process credit card transactions – and card companies Visa and MasterCard have in turn ...
Déjà vu, anyone? Similar to its now-moot predecessor agreement from 2012, the proposed $6.24 billion monetary-damages settlement in a big credit card interchange antitrust case announced Tuesday by ...
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