SACHIN J. MEHRA sold $1.9M of MA

Visa and Mastercard have agreed to a $167 million settlement to reimburse customers for ATM access fees. The settlement covers withdrawals from late 2007 to mid-2026, with the amount depending on the number of claims. Customers have until February 2027 to file a claim.

Visa and Mastercard agreed to a $167.5M settlement for a lawsuit alleging their rules kept ATM fees high. Eligible claimants are those who paid ATM fees at independent ATMs in the U.S. between 2007 and 2026. The settlement awaits court approval.

Mastercard (MA) began settling SoFi Bank card transactions using SoFiUSD, a stablecoin. SoFi expects the program to handle $25 billion in annualized card volume. Mastercard's stock held flat at $565.21 during the announcement. The stablecoin settlement aims to integrate with everyday payments without requiring merchants to hold tokens or build blockchain systems.

CFTC advanced crypto regulations. SoFi and Mastercard launched stablecoin settlement. New York sued Polymarket over unlicensed gambling. These developments occur amid inflation concerns.

SoFi Bank (SOFI) has begun settling transactions across the Mastercard network using its stablecoin, SoFiUSD. The bank claims to be the first national bank to do so, with an estimated $25 billion in annualized volume. SoFiUSD launched in December 2025 and became available in the SoFi app in May 2026. The partnership with Mastercard was announced in March 2026. Radi El Haj of RS2 notes that this marks a shift from pilot to full-scale stablecoin settlement.

Visa and Mastercard agreed to a $167 million settlement over allegations of restricting ATM access fees, affecting users between 2007 and 2016. Eligible users can file claims by February 2027. The companies deny wrongdoing.