Small banks and credit unions have filed suit to enjoin the nearly $20 million settlement between Target and Mastercard related to the 2013.
Small banks and credit unions allege:
- the agreement between Target and Mastercard was surreptitious
- ““This sweetheart deal for Target was negotiated without involvement of the court or the legal representatives of the impacted financial institutions.”
Target is still in negotiation with Visa over a settlement for reissuing credit and debit cards after the 2013 data breach.