Por: The Hill Business December 11, 2022
At a time of cost-consciousness, some light is finally beginning to shine on a previously lesser-known factor that hikes prices on all goods that Americans purchase: swipe fees. And legislation in Congress stands to address the issue and provide relief to consumers and small businesses. Most consumers have some notion of the fees that are charged every time they use a credit card to pay for goods or services. While the fee is nominally charged... + full article
CNBC USA Politics October 27, 2022
U.S. President Joe Biden delivers remarks on the U.S. economy from an auditorium on the White House campus in Washington, U.S. October 26, 2022.Jonathan Ernst ReutersThe White House is working to assure voters President is doing everything he can to lower the cost of living with... + más
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Is Congress Going to Kill Credit Card Rewards? Credit card rewards are so common these days—so expected, even—that they can seem untouchable. But that could change. Legislation that’s winding its way through Congress is intended by its sponsors to encourage “competition... + más
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Forbes USA Business October 05, 2022
The usual Congressional lame duck session entails passing a budget, extending a few expiring tax provisions, and a wholesale attempt by the party in power to attach various amendments to these vehicles to advance their agenda before a new Congress wipes the slate clean. One of... + más
Bill targeting Visa and Mastercard is 'still alive,' but latest path 'feels like a desperation move' | MarketWatch
MarketWatch USA Business October 04, 2022
Durbin and Marshall introduced the Credit Card Competition Act as standalone legislation in July, saying that the bill could lower industry credit-card fees by requiring that merchants have the choice between at least two credit networks when processing transactions. Rep. Peter... + más
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WILMINGTON, DELAWARE - AUGUST 20: Democratic presidential nominee Joe Biden delivers his acceptance ... [+] speech on the fourth night of the Democratic National Convention from the Chase Center on August 20, 2020 in Wilmington, Delaware. The convention, which was once expected... + más
Regions Bank to refund $141M for illegal overdraft fees | ABC News
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CNN USA Business September 22, 2022
New York CNN Business — Frustrated by extra when you shop? A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. The effort is backed by retail giants... + más
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