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The DOJ's antitrust division reached a settlement with Visa Monday in a suit that stated that MasterCard and Visa had adopted rules that acted to restrain merchants from encouraging customers to use cards with lower fees.
The lawyers in the Boston case (including K. Craig Wildfang, who I criticized earlier this year for the Visasettlement), have convinced Judge Edward F.
Retailers reached an antitrust settlement on interchange fees with Visa, MasterCard and several large banks that will be good for merchants but might penalize cardholders with higher prices or decreased credit card rewards.