Public case informationLast updated
Visa and Mastercard Swipe Fee Antitrust Litigation
Visa and Mastercard · Credit and debit card payment networks and interchange fees · Ongoing Litigation
About this case
A 2005 class-action lawsuit alleges that Visa and Mastercard violated federal antitrust law by centrally setting payment-card interchange fees and organizing issuing banks into a cartel-like structure, affecting merchants and consumers who use credit and debit cards. A proposed $38 billion settlement received preliminary approval, but the litigation remains ongoing because final approval has not been granted and objections may be filed.
Case overview
- Defendant company
- Visa and Mastercard
- Product or service
- Credit and debit card payment networks and interchange fees
- Case status
- Ongoing Litigation
- Lawsuit type
- Antitrust
- Reported harm
- Competition Pricing
Participation information
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