President Donald Trump’s push for a one-year 10% cap on credit card interest rates is generating headaches for banks, but his decision to back a long-gestating bill targeting fees paid by retailers on ...

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

Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

The bipartisan Credit Card Competition Act, reintroduced earlier this month, is supported by the restaurant industry but ...

President Donald Trump has endorsed U.S. Sen. Dick Durbin’s plan to lower swipe fees, which are 2-to-4% fees charged to ...

The Credit Card Competition Act would cut down on credit card swipe fees for consumers and has the backing of President Trump ...

The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs for ...

Under a new bill introduced this month, Washington state could lead a nationwide charge in addressing the ballooning “swipe fee” problem; fees that cut into small businesses’ profit margins and raise ...

Credit card fraud has become a constant and pervasive threat, and debit cards aren't immune to being stolen either. The Federal Trade Commission reported 66,090 instances of credit card fraud in 2020.