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News
Trump renews his calls to cap credit card fees
3+ day, 11+ hour ago (233+ words) President Donald Trump at the inaugural Republican midterm convention in Dallas revived his push to cap credit card swipe fees in a nearly two-hour address that also promised Americans a $5,000 payday if the GOP stayed in power. Wednesday's comments mark…...
Trump Again Calls for Credit Card Swipe Fee Reform
3+ day, 20+ hour ago (480+ words) WASHINGTON—President Donald Trump renewed his call for credit card swipe fee reform Wednesday evening, saying during the Republican midterm convention in Dallas that reducing the fees would save families money. “We will cut out-of-control credit card swipe fees, saving…...
Trump Targets Hidden Swipe Fees Costing Families $1,200 Yearly
3+ day, 22+ hour ago (865+ words) Founded by Dan Weber in 2007, AMAC champions mature Americans—protecting their dignity, security, and legacy for generations to come. by AMAC — The Association of Mature American Citizens Visa and Mastercard control 85 percent of the network market and charge a 2.36 percent…...
Trump vows to eliminate the 'out of control Swipe Fee ripoff' making credit card companies rich - AOL
1+ mon, 1+ week ago (645+ words) President Donald Trump re-emphasized his support of bipartisan credit card legislation, which supporters say encourages more competition in the payment sector. Trump touted his backing of the bill in a social media post endorsing Republican Sen. Roger Marshall of Kansas…...
Mastercard Australian antitrust trial hears economists clash on market definition
3+ mon, 3+ week ago (91+ words) Economists for Mastercard and Australia’s competition regulator clashed in court Friday over how to define markets in modern payments systems, as an antitrust trial over alleged misuse of market power continued in the Federal Court. The Australian Competition and Consumer…...
Mastercard’s Tax Position Scrutinized by South Carolina Panel
4+ mon, 1+ week ago (117+ words) news.bloombergtax.com A panel of South Carolina appellate judges had tough questions at oral arguments Wednesday for Mastercard International Inc. in its case over how to determine what portion of its business is taxable in the state. Mastercard argues…...
Federal government intervenes to block Illinois’ landmark credit card swipe fee as lawmakers weigh options
4+ mon, 2+ week ago (566+ words) The federal government has officially moved to block a controversial Illinois law banning certain credit card fees, a decision that favors financial institutions but could leave state-chartered banks in a lurch as lawmakers weigh next steps. The Office of the…...
Federal agency says Illinois can't limit credit card swipe fees
4+ mon, 2+ week ago (929+ words) A federal agency says Illinois can’t limit credit card swipe fees for federally chartered banks, even though a federal judge earlier this year ruled that it could. Two interim filings posted last week by the Office of the Comptroller of…...
Feds move to shield national banks from Illinois swipe fee law
4+ mon, 2+ week ago (42+ words) Crain's Chicago Business Feds move to shield national banks from Illinois swipe fee law Owner MetLife Investment Management hopes to usher in a new era for the Magnificent Mileâs oldest vertical mall....