Credit card swipe fees are going up, costing businesses and could eventually cost all of us more money too. The fees are charged every time we swipe a credit card while shopping. Here's an example: ...

Multiple associations argue there is no need to wait for court action or for new data. The letter said two recent court rulings "already provide sufficient clarity to move forward." In both the Corner ...

Swipe fees have jumped 70% since the COVID-19 pandemic and hit a record $187.2 billion in 2024. The high profits are driven, in part, by lucrative credit card and debit card swipe fees, which have ...

WASHINGTON (AP) - Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a ...

Retiring Senator Dick Durbin has spent more than a decade pushing to force competition into the credit card payment system.

US retail groups are urging lawmakers to reform credit card swipe fees, saying dominant networks limit merchant choice.

The U.S. Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees after a court found the current rule unlawful. U.S.

WASHINGTON (AP) — Consumers are caught in the middle of a fight between financial institutions and merchants as the Senate approaches a showdown vote over whether to block the Federal Reserve from ...