A judge has denied a request by five financial institutions to stop a proposed $19 million settlement between MasterCard and Target, putting issuers on a short May 20 deadline to decide whether they’ll accept the offer.

The opinion came after attorneys Charles Zimmerman of Zimmerman Reed and Karl Cambronne of Chestnut Cambronne asked for an injunction on behalf of Umpqua Bank, Mutual Bank, Village Bank, CSE FCU and First Federal Savings of Lorain on April 21.

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Credit Union Times

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