Interchange Fees

European Lawmakers Ask UK to Reconsider Cap on Interchange Fees

European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
December 03, 2024  |  Mastercard

Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. Get the Full Story Complete...

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Visa, Mastercard Warn of ‘Unintended Consequences’ From CCCA at Senate Hearing
Visa, Mastercard Warn of ‘Unintended Consequences’ From CCCA at Senate Hearing
November 19, 2024  |  Credit Cards

So called “credit card swipe fees” — specifically, interchange fees — burden consumers and businesses, resulting in higher prices charged for goods and services, critics...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
October 01, 2024  |  VISA

After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled...

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Neobanks See An Opportunity As Banks Move Away From Free Services
Neobanks See An Opportunity As Banks Move Away From Free Services
July 05, 2024  |  Banking

The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up...

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Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024  |  Legal

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card...

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Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024  |  Legal

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” Get the Full Story Complete the form to unlock this article and...

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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. Get the Full...

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