In October 2023, the Federal Reserve Board issued a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. The due date for comments on ...

He spearheads industry news coverage related to helping consumers achieve greater financial literacy and improved credit. He ...

On October 16, 2024, the Bank Policy Institute and the Clearing House Association filed a motion to intervene in Corner Post, Inc. v Board of Governors of the Federal Reserve System. On July 1, 2024, ...

Given new government rules on payment processing, giants like Bank of America, Chase and Wells Fargo would benefit immensely ...

In the last four years both Congress and the Biden Administration tried to limit the interchange fees associated with credit cards in the name of protecting consumers. However, recent research ...

Legislation to restrict assessment of credit card interchange fees has been proposed in multiple states this year, but is unlikely to pass in any. Progressive Democrats like Senator Bernie Sanders ...

Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that ...

I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...

Legislation to limit credit card interchange fees, also called “swipe” fees, is moving through Congress, cheering some consumer and retail groups and worrying others, who say they fear it would harm ...

The measure, sent Thursday to the governor's desk, would mark the second state ban on interchange fees and could inform an ...