Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit

By Mike Scarcella (Reuters) – Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in a filing in Washington, D.C., federal court. The settlement involves…

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First Solar, Qcells panels score green label preferred by US government

(Reuters) – Two of the world’s biggest solar panel makers, First Solar and Hanwha Qcells, became the first to register products under an environmental ratings system preferred for U.S. government purchasing, an industry group said. Combined, the companies have seven products that meet the EPEAT standard created by the Global Electronics Council, according to Qcells,…

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Fed’s Goolsbee says US interest rates are ‘relatively restrictive’

(Reuters) – Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is “relatively restrictive,” meaning that borrowing costs are putting downward pressure on inflation. Increased supply, including on the labor side, makes it difficult to interpret if strong job gains and economic growth indicate any worrisome overheating, he said at…

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