Two sets of bills in the Texas Legislature regulating credit card interchange fees have brought together an unlikely coalition of skeptics, including JPMorgan Chase CEO Jamie Dimon. Nam Y. Huh / AP ...
As a small business owner, I have had to get comfortable with the unexpected - COVID, supply chain issues, record inflation to name a few. But over the years, we’ve learned to roll with the punches ...
If shopping for the holidays seems more expensive this year, blame credit card "swipe fees." This is what credit card companies charge stores when you use credit cards — and you can bet that fee gets ...
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 ...
NEW YORK >> Visa and Mastercard announced a revised $38 billion settlement with merchants who accused the card networks of charging too much to accept their credit cards, hoping to satisfy a judge who ...
As part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants. But not everyone sees this as a satisfying end to a legal battle that stretched on ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
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 ...
This story originally appeared on Spotlight PA. A bill that aims to slightly lower credit card “swipe fees” is moving quickly through the Pennsylvania House. But it faces long odds in the state Senate ...
Separate bills making their way through the Texas Legislature have banks and consumer advocates on edge, posing challenges to the state’s financial infrastructure and its pro-business bent. At issue ...