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Wal-Mart opposed to $6B card fee settlement

Wal-Mart Stores Inc. is urging retailers to reject a proposed $6 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.

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1 UserComments
Paul Smith 2:19pm July 25, 2012

The article states "Under the settlement, stores will be allowed to charge customers more if they pay with a credit card." How so when Civil Code Section 1748.1(a) prevents a retainer from imposing a surcharge for use of a credit card?

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