Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit

Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees.The company and Walter Merricks announced their agreement to settle the case during a Tuesday (Dec. 3) hearing before the U.K.’s Competition Appeal Tribunal (CAT), Reuters reported Tuesday.The settlement is subject to approval by the CAT, according to the report.A Mastercard spokesperson said in the report: “We are pleased to have reached an agreement in principle to p ...