NGA: 'Settlement Deficient'
Tom Wenning, executive vice president and general counsel at NGA, said the association’s opposition to the settlement “is a matter of substance — we find that the proposed settlement agreement is deficient.” “The litigation is separate and distinct” from any potential legislative efforts to reform interchange fees, he said. “The whole point is that the settlement does not meet the standard for being approved,” he said. Read more: Card ...
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