Retailers file new suit against card companies over swipe fees, Bloomberg says

theflyonthewall.com

A number of large retailers, including Target (TGT) and Macy’s (M), filed a new lawsuit in Manhattan alleging the $7.25B settlement agreed to by Visa (V) and MasterCard (MA) over credit and debit card fees was too generous to the card companies and allowed them too much room for future fee hikes, reported Bloomberg.

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