Retailers appeal $7.2B credit card fee settlement

Published November 27, 2012 10:50pm ET



WASHINGTON (AP) — Several retail groups are appealing a $7.2 billion court decision approved earlier this month that was designed to settle allegations of fee-fixing against major credit card companies.

Visa, MasterCard and other card companies agreed in July to settle a lawsuit brought by retailers who claimed card issuers conspired to fix the fees they charge stores for accepting credit cards. Earlier this month a New York judge gave preliminary approval to the agreement.

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