Visa (V) and MasterCard (MA) have agreed to pay a combined $167.5M settlement to resolve class action litigation alleging that they conspired to ATM access fees artificially high, Reuters’ Mike Scarcella reports. The proposed settlement was filed on Thursday in the federal district court in Washington and still has to get clearance from a judge, the author notes.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V:
- Crypto Currents: Coinbase starts rollout for stock trading, prediction markets
- SoFi Stock Soars after Announcing the Launch of SoFiUSD Dollar-Pegged Stablecoin
- ‘Risk Geometry’ Identifies Exotic Options Play on Visa Stock (V)
- Akamai, Visa announce strategic collaboration for next era of agentic commerce
- Akamai, Visa partner on agentic commerce protections