Chris Richardson, an economist who had previously worked for the FDIC, recently published a study that examined debit card data after Congress imposed a cap on debit card interchange fees in the ...

In the last four years both Congress and the Biden Administration tried to limit the interchange fees associated with credit cards in the name of protecting consumers. However, recent research ...

U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday ...

Capital One’s $35.3 billion acquisition of Discover could close as early as February. It has the potential to reshape the ...

One of the levers the RBA can pull to reduce payment costs is stricter caps on “interchange fees”. These are set by Visa and Mastercard, and paid by the bank that provides the physical ...

Mastercard caps surcharges at 4% of the transaction ... Mastercard or Visa. Interchange fees. Often referred to as swipe fees, interchange fees end up going to multiple parties, including the ...

If the merger goes through, it’s a safe bet that interchange fees will be under scrutiny ... “While there could be certain advantages to Cap One of such a shift, there would be very ...

A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...

In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to ...

The NPCI is proposing to cut interchange fee on wallet-based UPI transactions. This and more in today’s ETtech Morning Dispatch.