Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit

By Jerry  Published On May 30, 2024
May 29 (Reuters) – Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high.
The plaintiffs’ lawyers revealed the proposed accord on Wednesday in a filing, opens new tab in Washington, D.C., federal court. The settlement involves consumers who withdrew cash from bank-operated ATMs since 2007.
Source: REUTER

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