Rejected Visa-MC settlement is a swipe at inequity 💳; Record fine for crypto firm highlights regulatory challenges 😲; Big Banks flex financial muscle with dividend hikes & buybacks 💪

FinTech is Eating the World, 10 July

Hey Everyone,

Good morning & happy Thursday! Today’s issue is really interesting as we’re looking at the rejected Visa-Mastercard settlement (what it’s all about & why it matters + some bonus dives into both Visa & Mastercard), a record fine for the crypto firm by Lithuanian regulators (what it highlights about sanctions enforcement challenges & what can we expect next), and big banks flexing financial muscle with dividend hikes and buybacks (what it means & what’s next). Let’s just jump straight into the mesmerizing stuff 🌶

Rejected Visa-Mastercard settlement is a swipe at inequity 💳👀

The news 🗞️ Some time has passed since the proposed $30 billion settlement between Visa V 0.00%↑, Mastercard MA 0.00%↑, and millions of merchants has been rejected by U.S. District Judge Margo K. Brodie sending the nearly two-decade-long legal battle back to the drawing board.

ICYMI: Visa and Mastercard reach $30 billion settlement in swipe fee battle, but it’s far from over 😤 [what it’s all about, what will change & why it’s not over yet + some deeper dives into both Visa & MC]

The decision highlights the complexity of balancing the interests of diverse merchant groups in the credit card industry.

Let’s take a quick look at this case, see why it matters, and what’s next.