MPC Hill Blast: The ABCs of Big Bank Logic Are … Anything But Competition
Once again, big banks have shown they will go to any length to avoid competition. It’s not enough that they want to keep cartel-style price-fixing on credit card swipe fees without any competition. Now they want to prohibit consumers from getting any kind of rewards or interest from alternatives like stablecoins — just to avoid competition.
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MPC Hill Blast -- ‘It Kind of Boggles My Mind’
‘It kind of boggles my mind.’ That was the reaction of someone who knows what he is talking about — Coinbase CEO Brian Armstrong — to huge swipe fees that cannot be justified in this interview with Fox Business.
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Congressional Hearings Examining Credit Card Swipe Fees
Congress has held 18 hearings examining credit card swipe fees since 2006.
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MPC Hill Blast: $795 for Me … And No Soup for You!
American consumers can be excused for feeling like George in a classic Seinfeld clip. They keep getting squeezed by higher fees that seemingly come out of nowhere — like the $795 annual fee JP Morgan Chase is now charging cardholders. And that is just part of a parade of higher annual fees and interest rates from credit card companies.
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MPC Hill Blast: The Biggest Bipartisan Inflation Reduction Bill
What is the bipartisan policy before Congress with the greatest inflation reduction potential? The Credit Card Competition Act.
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MPC Hill Blast: Debit Card Competition Helps Credit Unions, Credit Card Competition Could, Too
You recently may have heard from credit unions, but they probably didn’t talk about how much debit card competition has helped them.
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MPC Hill Blast: The State of the Industry? Not Good
A global payments advisory firm just released its annual State of the Industry Report on payments. It demonstrated how broken the credit card market is. With Visa and Mastercard setting cartel prices for all bank competitors to charge the same thing, card fees keep going up – and profits for card companies and banks are outrageously high. Without some action, Main Street doesn’t stand a chance.
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MPC Hill Blast: Visa and Mastercard are Threatening to Dominate Stablecoins and Undermine the Innovations That Technology Could Make
Congress passed the GENIUS Act to regulate stablecoins and open the door to the innovation that technology could provide. But that is already under threat – from Visa and Mastercard.
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MPC Hill Blast: Credit Card Swipe Fees are the Top ‘Scam’ That People Accept as ‘Normal’
What's the No. 1 everyday scam that is so “normalized” that people just “accept” it? That’s right – it’s credit card swipe fees.
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MPC Hill Blast: Chef Andrew Gruel on How Swipe Fees Are Plaguing Restaurants
Chef Andrew Gruel gives candid thoughts on the credit card swipe fees that are plaguing restaurants around the nation.
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