Gas Stations Can't Delay Card Swipe Fee Deal, Court Told

Law360 (November 26, 2018, 5:33 PM EST) -- A tentative deal to end a class action over credit card swipe fees shouldn’t get delayed because brand gasoline retailers are locked in disputes with the oil companies whose fuel they sell, class lawyers have told a New York federal judge.

Merchants that are suing banks and major credit card issuers including Visa and Mastercard are trying to gain court approval to seal a $900 million addition to roughly $5.3 billion already set aside to pay out claims that the retailers were overcharged fees that they pay when they run credit cards. The class action claims the card issuers set up network rules that led...

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