Trump's 10% credit card rate cap
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A proposal is moving through the Kansas Legislature that would ban credit card networks from applying fees to sales taxes and tips. If passed, the measure would unlock immediate savings for the state’s dynamic small business community. Lawmakers in ...
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Swipe past $5,000 and this is what really happens
Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people never see. The charge itself might feel like just ...
Every time you use your card, the credit card company adds a swipe fee of 2% to 4%. The Legislature should protect consumers and local merchants. | Opinion
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Visa and Mastercard say they've reached a deal to resolve a long-running battle with businesses over "swipe fees." But retailers and restaurants say it doesn't go far enough. Visa and Mastercard say they have reached a settlement to resolve a long-running ...
In a recent piece for RealClearMarkets, Indraneel Chakraborty asks the question: “Are credit card swipe fees really too high?” Yet, throughout his piece, Chakraborty makes numerous claims that require clarification in order to accurately understand ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in ...
Marylanders are no strangers to the strain brought on by stubbornly high expenses. Our state’s cost of living remains 13% higher than the national average, so it’s clear we need action from Congress to help with the financial strain many of us are feeling.
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