Visa opens new tab and Mastercard, opens new tab reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.
The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and if it receives court approval would resolve most claims in nationwide litigation that began in 2005.
Some critics believe it may not go far enough, saying the savings would be temporary and fees would remain high.
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