US judge reviews Visa, Mastercard $38 billion swipe fee settlement
By Jonathan Stempel
Published on April 27, 2026.
U.S. District Judge Brian Cogan in Brooklyn, New York, is reviewing a $38 billion swipe fee settlement between Visa and Mastercard. The settlement allows merchants to decline higher-cost cards, a departure from the "Honor All Cards" rule that requires merchants to accept all or not all of the card market. Critics argue that this would leave merchants with the choice between accepting the popular rewards cards or losing revenue. A previous $30 billion settlement was rejected in June 2024 due to antitrust violations.
Related Articles
Kinder Institute survey finds Houston residents’ feelings on marijuana, death penalty, other political issues
A survey by the Kinder Institute reveals widespread agreement among Houston residents on gun policy, marijuana legalization, and increased school funding.
Protesters Will Rally In Newark For ‘Workers Over Billionaires’ On May Day
A wave of May Day protests, led by the “Workers Over Billionaires” campaign, aims to highlight economic challenges and support workers' rights.
The Supreme Court seems nervous about letting the police track you with your phone
The Supreme Court is cautious about allowing the police to track individuals using their cellphones without obtaining a warrant, potentially leading to unconstitutional actions.