Merchants Thank Senators Hawley and Reed For Supporting Small Business and Consumers on Credit Card ‘Swipe’ Fees
MPC welcomed the announcement that Senators Josh Hawley, R-Mo., and Jack Reed, D-R.I., have become cosponsors of the Credit Card Competition Act, saying it "shows that support is growing across the country and across the political spectrum for action that would bring competition to credit card swipe fees."
READ MORE +
Merchants Support Call for Testimony by Visa and Mastercard CEOs at Hearing on Credit Card ‘Swipe’ Fees
MPC welcomed the announcement that Senate Judiciary Committee Chairman Richard Durbin, D-Ill., has invited the CEOs of Visa and Mastercard to testify at a hearing on the lack of competition in the credit card market.
READ MORE +
Credit Card ‘Swipe’ Fees Could Cost Consumers Nearly $578 Million on Valentine’s Day
Rising swipe fees banks charge merchants to process credit and debit card transactions could cost consumers almost $578 million in higher prices as they celebrate Valentine’s Day this year, MPC said.
READ MORE +
TV Ad Says Swipe Fees Are ‘Taking a Swipe’ at Consumers
Big banks are “taking a swipe” at consumers with credit card swipe fees that cost the average family over $1,000 a year, according to a new TV commercial unveiled by MPC.
READ MORE +
Merchants Call Credit Card 'Swipe' Fees Biggest Bank Scam
Credit and debit card “swipe” fees are among the issues Congress should examine as lawmakers look into banking scams, MPC said.
READ MORE +
Merchants Say Record JPMorgan Chase Profits Show Need to Pass Credit Card Competition Act
Record annual profits reported last week by the nation’s largest credit card issuer are the latest evidence of the need to bring soaring credit card swipe fees under control, the Merchants Payments Coalition said.
READ MORE +
Nearly 2,000 Companies and Almost 300 Trade Associations Call on Congress to Address Credit Card 'Swipe' Fees
Almost 2,000 companies and nearly 300 trade associations called on Congress to pass the Credit Card Competition Act as lawmakers returned to Washington this week, MPC said.
READ MORE +
Merchants Welcome CFPB Director's Concern About Lack of Competition Over Credit Card 'Swipe' Fees
MPC welcomed remarks made by Consumer Financial Protection Bureau Director Rohit Chopra expressing concern about the lack of competition over credit card “swipe” fees.
READ MORE +
Credit Card 'Swipe' Fees Could Cost Consumers $20 Billion During Holiday Season Shopping
Rising swipe fees banks charge merchants to process credit card transactions could cost consumers nearly $20 billion in higher prices – and maybe more – this holiday season, MPC said.
READ MORE +
MPC Backs Durbin Call for Promised Vote on Credit Card Competition Act
MPC joined Senator Richard Durbin, in calling for the Senate to vote on the Credit Card Competition Act, saying "Small businesses and families can’t afford to suffer another day under these outrageous fees.”
READ MORE +