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Visa, MasterCard To Pay $7.25B To Settle Card-Fee MDL

By Carolina Bolado (July 13, 2012, 8:31 PM EDT) -- Credit card companies Visa Inc. and MasterCard Inc. and a slew of banks agreed Friday to a $7.25 billion settlement ending class allegations in a sprawling multidistrict litigation in New York that they artificially inflated the prices of interchange fees paid by merchants....

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