Passed in 2024 and set to take effect this July, the law bans certain so-called swipe fees on the tax and tip portions of customers’ bills, with a goal of lowering how much credit card companies ...

Credit card swipe fees could cost consumers more than $683 million given expected higher prices for Valentine's Day gifts, according to the Merchants Payments Coalition.

The banking lobby vowed to appeal the ruling, claiming the new Illinois law will cost them millions in compliance costs.

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

"Every time a customer visits one of my resorts and pays for the experience with a credit card, I’m on the hook to pay an interchange fee..." ...

Retiring Senator Dick Durbin has spent more than a decade pushing to force competition into the credit card payment system. Sen. Dick Durbin is at it again. On Jan. 13, the soon-to-retire Illinois ...

Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...

Marylanders are no strangers to the strain brought on by stubbornly high expenses. Our state’s cost of living remains 13% higher than the national average, so it’s clear we need action from Congress ...

The North Carolina legislature is preparing to address the state’s most pressing needs — from the high cost of living to education to healthcare. While these issue areas deserve attention, one in ...

A proposal is moving through the Kansas Legislature that would ban credit card networks from applying fees to sales taxes and tips. If passed, the measure would unlock immediate savings for the ...