credit card fees

Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
July 19, 2024  |  Acquisitions

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...

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Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
July 15, 2024  |  Legal

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law firm Milberg Coleman Bryson Phillips Grossman would not be sanctioned at this time for...

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Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
July 05, 2024  |  Credit Cards

Visa and Mastercard have reportedly agreed to extend caps on tourist card fees in Europe. As Reuters reported Friday (July 5), the card companies and European Union regulators...

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CFPB Targets Medical Debt — That Could Increase the Cost of Healthcare
CFPB Targets Medical Debt — That Could Increase the Cost of Healthcare
June 24, 2024  |  CFPB

The Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit reports and cap card late fees are proving wildly popular...

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China Negotiating With Visa, Mastercard to Reduce Transaction Fees
China Negotiating With Visa, Mastercard to Reduce Transaction Fees
June 21, 2024  |  Credit Cards

China is reportedly negotiating with Visa, Mastercard and other global card issuers, seeking to reduce the fees they charge local merchants on foreign card transactions....

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Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024  |  Legal

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. A federal judge...

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At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are...

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UK Regulator Opens the Door for Credit Card Data Reporting Mandates
UK Regulator Opens the Door for Credit Card Data Reporting Mandates
May 21, 2024  |  Credit Cards

Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator...

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Visa and Mastercard Face Calls for More Transparency in UK
Visa and Mastercard Face Calls for More Transparency in UK
May 21, 2024  |  Credit Cards

The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. The Payment Systems Regulator (PSR) said Tuesday (May 21) that it is proposing that both companies...

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