Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Retail opponents to interchange settlement to appeal
ALEXANDRIA, Va. (11/15/12)--Retailers who opposed the $7.2 billion interchange antitrust lawsuit settlement  that received a preliminary approval Friday from a U.S. District Court in Brooklyn, N.Y., announced they are filing a notice of appeal against the ruling.

The National Association of Convenience Stores said most of the 19 plaintiffs opposing the settlement with Visa, MasterCard and large banks will ask the U.S. Court of Appeals for the Second Circuit to deny the preliminary approval due to "fatal legal defects" in the settlement proposal.

The lawsuit was over swipe fees in credit card transactions.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
31 minutes ago