Mastercard to settle a £200 million lawsuit over card fees for 46 million British consumers.

Mastercard has agreed in principle to settle a lawsuit filed by consumer advocate Walter Merricks on behalf of around 46 million British consumers, challenging card fees. The case, ongoing since 2016 and approved by the UK Supreme Court, was valued at about £10 billion but is expected to settle for around £200 million. Mastercard says it is pleased with the agreement.

4 months ago
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