Jason Oxman’s Op-Ed Featured in The Hill’s Congress Blog

$7.2 billion swipe fees settlement is not enough for some

Why would some class-member retailers complain about a $7.2 billion settlement? It’s the question many are asking after a few retail trade associations and a couple vocal big-box stores urged their fellow merchants to object to the largest antitrust settlement in the history of the United States. The deal both sides agreed to in July essentially ended the seven-year battle between retailers and the major credit card networks over interchange rates. That settlement is now up for preliminary approval by a federal court, whose decision a few retailers seem eager to influence by mounting a public relations campaign against the settlement.

Oxman questioned why retailers were disappointed with the $7.2 billion settlement and argued that both sides benefit from an end to the prolonged legal battle. more . . .