The US District Court for the Northern District of Illinois recently granted preliminary approval of a $1.2 billion settlement in a class action involving Discover-related credit cards.
Background -
In 2023, three...more
10/10/2025
/ Business Litigation ,
Class Action ,
Consumer Financial Products ,
Credit Cards ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Illinois ,
Interchange Fees ,
Merchants ,
Payment Systems ,
Settlement ,
Settlement Agreements
In October 2011, three related (or parallel) class action lawsuits were filed. These cases named Visa and Mastercard (and others) as defendants but are unrelated to the Interchange Fee case with the $5.5 billion settlement...more