Judge Poised to Reject Visa, Mastercard's $30 Billion Settlement

The proposed agreement aimed to reduce merchant fees but faced criticism for insufficient benefits and antitrust concerns.

U.S. District Judge Margo Brodie indicated she is likely to reject the $30 billion settlement between Visa and Mastercard and merchants.
The settlement, announced in March, intended to lower fees and cap rates for a limited period.
Critics, including the Merchants Payments Coalition, argue the deal does not adequately address antitrust issues.
If rejected, the case will proceed to trial, prolonging the litigation that began in 2005.
Visa and Mastercard expressed disappointment but remain committed to resolving the matter.