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Visa/MasterCard credit card fee settlement on expedited schedule for approval

Objectors have less time than anticipated to file written complaints

Those who oppose the largest antitrust settlement in history are going to have to get their objections out quicker than expected, now that a federal judge has put the deal on an expedited schedule.

The settlement in question is a $7.25 billion agreement between merchants and credit card companies Visa Inc. and MasterCard Inc. to resolve allegations that the companies fixed credit and debit card fees. Interchange fees, or “swipe fees,” as they are known, are costs charged to retailers whenever a customer uses a card to pay for something.

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