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The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Sen. Dick Durbin (D-Ill.) to the 2010 Dodd-Frank Act directed ...

Data suggests that fees charged by banks and card networks were more than 25% higher than other estimates. "These outrageous fees drive up the price of almost everything consumers buy, and addressing ...

Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...

In a recent piece for RealClearMarkets, Indraneel Chakraborty asks the question: “Are credit card swipe fees really too high?” Yet, throughout his piece, Chakraborty makes numerous claims that require ...

Visa and Mastercard say they have reached a settlement to resolve a long-running battle over swipe fees. These are the fees that restaurants and retailers pay the card companies every time a customer ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The legislation faces an uphill ...