Data suggests that fees charged by banks and card networks were more than 25% higher than other estimates. "These outrageous fees drive up the price of almost everything consumers buy, and addressing ...

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 ...

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 ...

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

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

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: ...

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.