Fund Backed by Major Payment Networks Set to Update on Claims Status
In a significant development in the $5.5 billion class action involving Visa and Mastercard, a new quarterly reporting initiative by Epiq promises to enhance transparency concerning merchant claims and fee disputes, with the first report due in the U.S. District Court in Brooklyn by July 10. This move aims to provide detailed insights into the distribution of funds and unresolved issues, marking a crucial step towards accountability in how major financial players manage interchange fees and merchant grievances.
