Merchant objections to the proposed $7.25 billion swipe-fee settlement are likely to mount following another delay in an appeal ruling.

The U.S. Court of Appeals for the Second Circuit in Washington, D.C. was expected to rule last week on an appeal to the settlement that would end an eight-year, class-action lawsuit against Visa Inc., MasterCard Inc. and other financial institutions alleging anti-trust law violations. Instead, the court ruled an appeal should wait until objections to the settlement are filed and heard leading up to the Sept. 12 final ruling in a New York district court.

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