Visa and Mastercard have agreed to pay a whopping $197 million to settle a class action lawsuit that alleged they violated federal antitrust laws by adopting restraints that allegedly inflated ATM surcharges. This settlement is a significant victory for consumers who were being overcharged for using ATMs, and it sends a clear message to banks that such practices will not be tolerated. While it's currently not possible to file a claim, we encourage you to stay tuned for updates on how to do so once the process becomes available.
In the meantime, let's celebrate this important step towards protecting consumer rights and ensuring fair pricing for ATM transactions.
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