Visa and Mastercard Face $197 Million Settlement Over ATM Fee Conspiracy Allegations



In significant developments over the past week, consumers have requested a federal judge to approve their $197 million class action settlement with Visa and Mastercard. This lawsuit revolves around accusations that the companies conspired with banks concerning ATM access fees. Meanwhile, Microsoft’s President, Brad Smith, is slated to testify before Congress about the company’s initiatives to bolster cybersecurity, which notably includes tying executive compensation to cybersecurity performance. For further details, visit the Law360 article.