MPC Hill Blast: Wall Street: Wrong Again
The track record is almost uncanny, but the giant Wall Street banks are notorious for saying one thing and then doing another. The latest example — debit card rewards.
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MPC Hill Blast: Broad, Overwhelming Support for the Credit Card Competition Act
Support for the Credit Card Competition Act, which would create some much-needed competition for credit card companies where none exists today, is incredibly broad and deep.
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MPC Hill Blast: Where Does All the Banks' Money Go?
The banks are bringing in big money: “Wall Street is rolling into the new year firing on all cylinders, after the nation’s biggest banks had one of the strongest years on record in 2025.”
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MPC Hill Blast: Visa to Raise Small Business Swipe Fees on Jan. 24
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
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MPC Hil Blast: 'Working People Got Slammed by Credit Card Interest and Fees'
As the article shows, new numbers are out and they aren’t pretty for the American people.
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MPC Hill Blast: Visa, Mastercard Push Fraud Costs Onto Merchants -- Federal Reserve
The Federal Reserve recently released new data on debit cards and the results are eye-opening. The report shows that Visa and Mastercard have continued to push more fraud costs onto merchants and have reduced the amounts that banks pick up.
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MPC Hill Blast: The '$760 Million Windfall'
As reported by the New York Times, JPMorgan Chase CEO Jamie Dimon made a “$770 Million Windfall” in 2025.
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MPC Hill Blast: ‘Visa’s New Program Vexes Merchants’
Well, what do you know? It turns out that Visa has a “revamped system” that “has socked some merchants with higher costs.” The credit card companies keep telling Congress they don’t raise fees but in October Visa came out with a “Commercial Enhanced Data Program” that forced merchants into “a new interchange level” and made them “pay higher fees.”
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MPC Hill Blast: Main Street Merchants and Consumer Groups: Reject the Sham Credit Card Settlement
Last week, the credit card industry announced its third attempt to finagle a litigation settlement that would cut off merchants’ rights to challenge the anticompetitive swipe fee system in court in exchange for largely meaningless “reforms.” The response from Main Street merchants and consumer groups has been clear: this is a bad deal.
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MPC Hill Blast: Asking for Strike 3
The credit card giants have tried multiple times to pull a fast one on Main Street by negotiating antitrust litigation settlements that allow them to continue their anticompetitive practices with legal immunity. According to the Wall Street Journal, they are at it again.
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