Retail Group Says it Opposes Card Fee Settlement

The National Retail Federation is opposing a proposed $7.25 billion settlement that Visa, MasterCard and major banks have agreed to pay retailers for alleged fee fixing. The retail trade association said Tuesday that its board has given approval for it to go to court to try to block the settlement. The NRF, which is not a party to the lawsuit that led to the settlement, says it is unsure whether outside groups will be allowed to intervene, or if the case qualifies as a class action.