Judge says Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion

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A financial expert talks about the “severe” consequences of retail credit cards. A federal judge said Friday that card issuers Visa and Mastercard could likely withstand a “substantially greater” settlement with merchants who argued they overpaid swipe fees than the proposed $30 billion settlement she rejected last week. U.S. District Judge Margo Brodie of the Eastern District of New York…

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