SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 13, 2012 08:20 ET

Visa and MasterCard's $7.25 Billion Settlement Facing Opposition From National Retail Federation

The Paragon Report Provides Stock Research on Visa and Mastercard

NEW YORK, NY--(Marketwire - Sep 13, 2012) -  In the face of a high unemployment rate and concerns of a major slowdown in the global economy consumers have continued to cut back on borrowing. A recent reported released by the Federal Reserve have shown credit card spending in the U.S. has declined for two consecutive months. The Paragon Report examines investing opportunities in the Credit Services Industry and provides equity research on Visa Inc. (NYSE: V) and Mastercard Inc. (NYSE: MA).

Access to the full company reports can be found at:

www.ParagonReport.com/V
www.ParagonReport.com/MA

The report showed that total consumer borrowing in July declined 3.3 billion to a seasonally adjusted $2.705 trillion. After reaching an all-time high of $1.03 trillion, four years ago, credit card debt has declined 17 percent to $850.7 billion in July. During the same time student loan debt has soared from $1.56 trillion in to $1.85 trillion. A poor job market is most likely to blame for the sharp decline in borrowing as employers added only 96,000 jobs in August, a decrease from the 141,000 in July. The average during the first quarter of the year was 226,000 jobs a month.

Paragon Report releases regular market updates on the Credit Services Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

A $7.25 billion settlement in which Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing is being contested by the National Retail Federation. The NRF has argued that the proposed settlement does nothing to prevent swipe fees from being increased in the future. The group on Tuesday stated it had received approval to go ahead and try to block the settlement in court.

"The settlement was by the credit card companies and for the credit card companies. This will not help merchants or customers," said Mallory Duncan, senior vice-president and general counsel for NRF.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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