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Moscow council approves consent agenda and authorizes claim in national credit‑card settlement
Summary
The Moscow City Council approved the consent agenda and voted to authorize the city attorney to file a claim in the Visa/Mastercard interchange‑fee class settlement. The resolution directs staff to submit records so the settlement administrator can calculate any award for the city.
The Moscow City Council approved the consent agenda and unanimously authorized the city attorney to submit a claim on behalf of the city in the national payment‑card interchange fee class settlement.
The council voted to let the city participate in a class settlement arising from long‑running antitrust litigation over interchange fees charged to merchants who accept Visa and Mastercard. A staff speaker said the settlement totals about $5,500,000,000 and that the city qualifies for the…
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