Justices Ketanji Brown Jackson, Sonia Sotomayor and Elena Kagan gave the dissenting votes on the swipe-fee decision. The Fed rule came out of the 2010 Dodd-Frank Act, which included a provision ...

A tug-of-war over $16 billion in debit-card interchange fees appears to have been won by merchants Wednesday. An effort in the U.S. Senate to delay the start of the new fees by a year — backed by ...

The Merchants Payments Coalition claims that the average family in the U.S. pays $1,200 per year to cover the costs of swipe ...

The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

Even with Trump’s support, the merchants coalition faces a mighty contingent of financial industry foes that have been ...

We all know how convenient it is to swipe our credit cards for everyday purchases. In fact, as of 2022, 82% of U.S. adults had a credit card, making it the most common consumer lending product. In ...