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Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants over interchange fees.

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Third time's a charm? Visa and Mastercard said they've reached a credit card swipe-fee deal (again) with merchants. Would it save consumers money?

If approved, the settlement could ultimately save merchants more than $200 billion over the course of the settlement period, according to Joseph Stiglitz and Keith Leffler, who served as expert ...