The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Sen. Dick Durbin (D-Ill.) to the 2010 Dodd-Frank Act directed ...

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Have you ever asked yourself why gas stations offer a cash discount when you pay to fill up your tank? The answer is: credit card swipe fees. Gas stations, or any business that accepts credit cards ...

Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household budgets, according to industry experts. When a credit or debit card is used, banks ...

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 ...

As part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants. But not everyone sees this as a satisfying end to a legal battle that stretched on ...

Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.

A plot to kill credit card reward points has bipartisan buy-in, with lawmakers framing the effort as an attempt to curb still-stubborn inflation. Don't bank on it. Sens. Dick Durbin (D–Ill.) and J.D.

Kentucky's economic health relies heavily on the prosperity of its businesses, both big and small. But with prices continuing to rise, small businesses like mine that comprise more than 99% of ...

Credit card swipe fees have more than doubled over the last decade, leading some business owners to look for new and creative ways to claw back their profits. Main Street businesses across the country ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

Experts say credit-card swipe fees cost the average American family about $1,200 a year, and a renewed push in Congress could change how those fees are set. The Credit Card Competition Act wants to ...