Retailers appeal $7.2B credit card fee settlement

The average consumer credit score in the U.S. rose for a second consecutive year, up a point from fall 2011 to 750, according to Experian's State of Credit 2012. The third annual report found that the average national debt also increased; it's up 1.4 percent to $24,890.Experian, a global provider of financial data and marketing services to corporations and consumers, based the scores in its third annual report on the average VantageScore by designated market area from January to June 2012. VantageScore ranges from 501 to 990, according to Experian.Midwesterners continue scoring highest in credit among Americans. Here's a look at each of the top 10 American cities according to its average consumer's credit score. The Consumerist/Flickr

WASHINGTON Several retail groups are appealing a $7.2 billion court decision approved earlier this month that was designed to settle allegations of fee-fixing against major credit card companies.

Visa (V), MasterCard (MA) and other card companies agreed in July to settle a lawsuit brought by retailers who claimed card issuers conspired to fix the fees they charge stores for accepting credit cards. Earlier this month a New York judge gave preliminary approval to the agreement.

On Tuesday 10 retail groups filed an appeal of the decision in U.S. district court for the Eastern District of New York. The groups include the National Association of Convenience Stores, the National Restaurant Association and eight others.

Retailers have complained that a provision barring retailers from filing future lawsuits over swipe fees is too broad.

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