Fintech Insider Podcast by 11:FS cover image

840. News: Visa and Mastercard agree the largest antitrust settlement in US history

Fintech Insider Podcast by 11:FS

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Introduction

This chapter covers the $30 billion settlement between Visa and MasterCard over transaction fees, including the reduction of processing fees and introduction of a cap for five years. It also introduces Belong, a wealth-building platform for professionally employed millennials with a 'boom loan' feature, alongside the FCA's guidelines for banks on responsible social media promotion.

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