Judge rejects $30B Visa, Mastercard 'swipe fee' settlement

(The Hill) - A federal judge Tuesday rejected a $30 billion antitrust settlement between Visa, Mastercard and a select group of retailers that was decried by the larger industry.

Visa and Mastercard, which control a combined 80 percent of the credit card network market, agreed in March to limit interchange fees they charge retailers who accept their card. 

As part of the preliminary agreement, which was subject to approval by the judge, the credit card giants agreed to roll...