After a review of market data, the CFPB finalized a rule that would have capped late fees at $8 and ended automatic inflation ...

Yet, credit card processing fees take a significant bite out of those ... more dollars in the pockets of our employees and lower prices for our guests. At a time when restaurants are still ...

Gallego and Kelly to work with their colleagues to pass the Credit ... card networks when processing a transaction. In a market with more competition, Mastercard and Visa would be incentivized to ...

Innovators can help customers use credit well by setting prices low, limiting risk, and providing nonfinancial assistance, ...

The Merchants Payments Coalition says credit card processing fees are most ... first introduced in 2023 that seeks to lower merchants’ interchange fee burden, but differently than the Durbin ...

Even if the issuer isn't able to match the lower interest rate, they may be able to offer a different retention offer in the form of a waived annual fee or bonus points. Find the best credit card ...

A September 2023 Consumer Reports study estimated that 1 in 5 American adults, or about 52 million people, paid a credit card late fee in the previous year. People with lower incomes pay ...

The Credit Card Competition Act seeks to reduce fees by promoting more competition in the payment processing market (that sounds friendly, but I worry about unintended consequences). It would ...

We use credit cards, and credit card companies love it. Why? Because they make nearly 150 billion dollars a year in merchant fees. These fees are paid by businesses for the benefit of accepting cards.