Visa and Mastercard have agreed to a $197.5 million settlement to resolve a long-standing class-action lawsuit over allegedly excessive ATM surcharges. As part of this agreement, eligible cardholders could receive up to $1,797 in direct payments. The settlement stems from claims that Visa and Mastercard, along with major banks such as JPMorgan Chase, Wells Fargo, and Bank of America, colluded to inflate ATM fees, violating federal antitrust laws. The payments are intended to reimburse affected consumers and

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