The industry thought it had its legislative wish list on track for passage. Then it all got mired in a fight over credit card swipe fees.| The American Prospect
This rule does apply to all states, and it is hoped that this will set a national standard instead of a patchwork of varying state regulation. After many years of study and proposals, the ...| Hotel Law Blog
The Trump administration has joined a group of big banks in an effort to destroy a vital safeguard against credit card junk fees that would have saved consumers $10 billion per year. As documented by AFR’s Wall Street Ripoff Counter, every day this CFPB rule is not in place, credit card users lose $2.7 million. To date, the bank lawsuit and now the Trump administration actions have cost consumers over $8.3 billion.| Americans for Financial Reform
A London court approved a settlement in a class action lawsuit brought against Mastercard over its swipe fees. By approving the deal, the Competition| PYMNTS.com
For Immediate Release: December 17, 2024 Contact: mail@consumercal.org Sacramento, CA – Statement by Consumer Federation of California Executive Director Robert Herrell regarding the Federal Trade Commission’s final rule on junk fees, announced early on Tuesday, December 17, 2024: “The Consumer Federation of California applauds the Federal Trade Commission, and particularly FTC … Read More ›| Consumer Federation of California