Businesses across the United States have a unique opportunity to claim compensation from a $5.54 billion settlement stemming from a long-standing class-action lawsuit against Visa and Mastercard. This lawsuit, which has been ongoing for years, alleged that the credit card giants imposed unfair swipe fees on merchants. These fees, which merchants argued were excessively high and lacked transparency, were tacked onto each transaction when customers used their Visa or Mastercard credit cards. For many businesses, these fees added up significantly, cutting into profits and making it challenging to manage costs. The settlement fund now offers relief for businesses that paid these fees, providing an opportunity to reclaim some of these lost funds. Background on the Lawsuit and the $5.54 Billion Settlement The settlement is the result of a legal battle that dates back over a decade. Merchants contended that Visa and Mastercard’s swipe fees, or interchange fees, were set without sufficient tra...
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Improving America is a collective endeavor that requires practical, achievable steps. With a focus on strengthening communities, boosting economic opportunities, and creating an inclusive environment, we can work together to build a nation that supports all its people. Here are some actionable ideas and steps to make America a better, more equitable place for everyone. 1. Invest in Education and Lifelong Learning Idea : Strengthen our education system to offer all students, from kindergarten through higher education and beyond, access to high-quality, inclusive learning environments. Steps : Expand Early Childhood Education : Investing in affordable pre-K programs can give every child a strong start. States and communities should work together to make early education universally accessible. Promote Vocational Training and Apprenticeships : Offer pathways for students interested in trades and technical skills to build careers that don't necessarily require a college degree. This c...
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