Wall Street Swipes Mother’s Day Carnations With Almost $900 Million in Credit Card Fees
Rapidly growing credit card “swipe” fees that President Donald Trump calls a “ripoff” could cost consumers nearly $900 million this Mother’s Day, MPC said.
READ MORE +
‘Profiteering’ Big Banks See Windfall From Credit Card ‘Swipe’ Fees as Fuel Prices Rise
Huge profit increases reported by major card-issuing banks come as they are collecting as much as $58 million a day in credit card “swipe” fees on gasoline and diesel as fuel prices soar because of the conflict in Iran, MPC said.
READ MORE +
‘Swipe Fee Ripoff’ Could Cost Families as Much as a Dozen Easter Eggs This Year and Total Nearly $600 Million
Credit card fees that President Donald Trump calls a “swipe fee ripoff” will cost families nearly as much a dozen eggs and the dye needed to turn them into Easter eggs this year as their total impact on the holiday approaches $600 million, MPC said.
READ MORE +
Credit and Debit Card ‘Swipe’ Fees Reach Record $198.25 Billion as President and Congress Call for Action
Credit and debit card “swipe” fees that big banks and global card networks charge merchants to process transactions have reached a new record of $198.25 billion amid calls by President Donald Trump and others to bring the “out of control Swipe Fee ripoff” under control, MPC said.
READ MORE +
MPC Welcomes Court Ruling in Favor of Illinois Ban on Swipe Fees on Sales Tax and Tips
MPC welcomed a ruling by a federal judge in favor of Illinois’ ban on swipe fees on sales tax and tips.
READ MORE +
Credit Card ‘Swipe’ Fees Could Cost Consumers $683 Million on Valentine’s Day
Credit card swipe fees that President Donald Trump calls the “out of control Swipe Fee ripoff” could cost consumers more than $683 million in higher prices this Valentine’s Day, MPC said.
READ MORE +
Merchants Welcome Unions’ Call to Pass Credit Card ‘Swipe’ Fee Reform
MPC welcomed the endorsement of the Credit Card Competition Act by three of the nation’s largest labor unions, who called on the Senate Agriculture Committee to “not lose sight” of credit card swipe fees as it considers cryptocurrency legislation set for a vote.
READ MORE +
Merchants Urge Senate Ag Committee to Approve Credit Card ‘Swipe’ Fee Amendment to Cryptocurrency Legislation
MPC and other merchant groups from across the country urged the Senate Agriculture Committee to include the Credit Card Competition Act, which was recently endorsed by President Donald Trump, as part of cryptocurrency marketplace structure legislation.
READ MORE +
Merchants Say ‘The President is Right’ on High Credit Card Company Profits
MPC welcomed concern about excessive credit card company profits voiced by President Donald Trump during remarks at the World Economic Forum in Davos, Switzerland.
READ MORE +
Merchants Welcome Durbin Call to ‘Get This Done’ After Trump Endorsement of Credit Card Competition Act
MPC welcomed remarks made by Senator Dick Durbin on the Senate floor as he called for passage of the Credit Card Competition Act two days after the measure was endorsed by President Donald Trump.
READ MORE +