Native American Stores Say Reducing Credit Card Swipe Fees is ‘An Issue of Economic Sovereignty’
MPC welcomed a letter from tribally owned Native American convenience stores asking Congress to protect resources needed to provide tribal services by passing the Credit Card Competition Act.
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Merchants Welcome Appeals Court Ruling That Debit Swipe Fees Are Too High
MPC welcomed a federal appeals court decision upholding a lower court’s ruling that the Federal Reserve’s 2011 regulated rate for debit card “swipe” fees was set higher than intended by Congress.
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Merchants Welcome Trump’s Latest Call to Pass the Credit Card Competition Act
MPC welcomed President Donald Trump’s latest call to pass the Credit Card Competition Act.
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Credit Card ‘Swipe’ Fees Account for Nearly $320 Million of Halloween Costs This Year
The rising “swipe” fees banks charge merchants to process credit card transactions will drive up the cost of Halloween spending by nearly $320 million this year, MPC said.
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Merchants Say Megabank Profits Show Congress Should Pass Credit Card Competition Act
Billions of dollars in quarterly profits reported by three of the nation’s largest credit card-issuing banks — including a 40% jump at Citigroup — show why Congress should end the “swipe fee ripoff,” MPC said.
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Illinois Swipe Fee Ruling Compounds a Costly Mistake for Consumers
The Merchants Payments Coalition today expressed strong disapproval of a federal court decision shielding federal credit unions from an Illinois law protecting its people from credit card swipe fees on sales tax and tips.
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Merchants Welcome Trump Promising to Pass Credit Card Competition Act ‘As Soon As Possible’
MPC today welcomed President Donald Trump’s pledge to pass the Credit Card Competition Act “as soon as possible,” a move that marks the administration’s strongest support yet for the bipartisan legislation.
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Merchants Welcome Vance Support for Credit Card Swipe Fee Reform
MPC welcomed Vice President J.D. Vance’s call for credit card swipe fee reform, which came amid growing White House and congressional support for action to keep the hidden fees from driving up prices for consumers.
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Nearly 1,000 Merchants Tell Judge Proposed Settlement of Visa/Mastercard Lawsuit is ‘Riddled With Loopholes’
MPC said today that nearly 1,000 businesses and trade associations have called on a federal judge to reject the proposed settlement of merchants’ lawsuit over Visa and Mastercard credit card swipe fees that drive up consumer prices, saying the deal fails to provide adequate relief.
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Merchants Welcome Trump Backing of Credit Card Swipe Fee Reform at GOP Midterm Convention
MPC welcomed President Donald Trump’s latest call for credit card swipe fee reform, which took place at the Republican midterm convention in Dallas.
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