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 ...

New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit ...

Aug 7 (Reuters) - A U.S. judge has vacated the Federal Reserve’s “swipe fees” regulation that capped the amount banks charge merchants for processing debit transactions, in a ruling favoring retailers ...

With Target saying its data breach is much worse, here's what to watch for. Jan. 11, 2014— -- intro: Would you give a thief direct access to your checking account? No? Unfortunately, you may be ...

In a ruling favoring retailers, a federal judge vacated a Federal Reserve rule on debit card "swipe fees," saying the regulator went beyond what Congress allowed in laws it passed in 2010, according ...

Debit cards are convenient -- but they're not always the safest choice. Swiped in the wrong place, a debit card can expose your bank account to fraud, delays, or lost protection. While they're fine ...

— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing ...

For the second time this year, banking trade groups have taken the Federal Reserve's side in pending litigation. The Bank Policy Institute and The Clearing House filed a joint motion on Wednesday to ...

"Currently, the smallest credit union and the largest bank in the world receive the same interchange fee when their respective customer uses their debit card," Fred Becker, president and chief ...

ROCK ISLAND -- Beginning Saturday, banks and credit card companies will be forced to slash the fees imposed on businesses for debit card transactions -- a move praised by merchants, but decried by the ...