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Swipe Fees

Federal Judge Strikes Down Federal Reserve's 'Swipe' Fee Rule

AP | MARCY GORDON | Posted 07.31.2013 | Business

WASHINGTON -- A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases. He s...

Next Time You're on the Phone With Your Bank, Take a Minute to Gripe About the Swipe, Too

Karen Hinton | Posted 09.25.2013 | Business
Karen Hinton

Through a secretive, sneaky, back-door approach, banks that issue the cards, along with Visa and MasterCard, have figured out yet another way to suck money from our pocketbooks without our ever even knowing about it.

Bank of America's Backtrack on Fees Is Proof Debit Reform Is Working

Douglas Kantor | Posted 02.26.2013 | Business
Douglas Kantor

Bank of America's recent decision to back down on new checking fees next year is further proof debit card swipe fee reform has resulted in greater marketplace competition benefitting consumers.

WATCH: Students Pays College Tuition With Coins

The Huffington Post | Tyler Kingkade | Posted 11.29.2012 | College

Mount Royal University student Devin DeFraine was pretty upset by getting hit with an extra fee to pay his tuition, so he took it out on his school by...

Parkmobile Apologizes For Durbin Accusation

The Huffington Post | Arin Greenwood | Posted 11.01.2012 | DC

WASHINGTON -- There's been a whole lot of gnashing of teeth over 13 cents. Parkmobile, the company in charge of mobile parking payments in D.C., is...

6 Small Business Issues at Stake in This Election

Stacy Mitchell | Posted 12.29.2012 | Small Business
Stacy Mitchell

A number of critical small business issues are at stake in next month's federal and state elections. Here are six of the most important.

Paul Blumenthal

Karl Rove Attacks From The Left?

HuffingtonPost.com | Paul Blumenthal | Posted 10.10.2012 | Politics

WASHINGTON -- The "dark money" nonprofit Crossroads GPS is taking a new tack in its attacks on two Democratic Senate candidates, Montana Sen. Jon Test...

Restaurants Blast $7.2B Credit-Card Fee Settlement

Reuters | Posted 11.25.2012 | Small Business

By Lisa Baertlein and Jessica Dye NEW YORK, Sept 24 (Reuters) - The National Restaurant Association said Tuesday it is joining the opp...

Why Walmart Doesn't Want You To Pay Swipe Fees... Yet

AP | Posted 09.23.2012 | Money

BENTONVILLE, Ark. — Wal-Mart Stores Inc. urged retailers to reject a proposed $6 billion settlement that Visa Inc., MasterCard Inc. and major ba...

What The Massive Credit Card Settlement Could Cost You

Reuters | Posted 09.15.2012 | Money

By Beth Pinsker Gladstone NEW YORK, July 16 (Reuters) - Cash or credit? That is a familiar choice at the gas pump, with ...

Credit Card Companies Pay BIllions To Settle Fee Fixing Claims

AP | ANNE D'INNOCENZIO AND PALLAVI GOGOI | Posted 07.14.2012 | Business

NEW YORK -- Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuer...

Paying With Credit May Soon Cost You

Wall Street Journal | ANDREW R. JOHNSON | Posted 07.09.2012 | Money

Merchants may soon begin to impose a surcharge each time a customer pays with credit card, a practice Visa Inc. V -2.23% and MasterCard Inc. MA -3.36%...

Zach Carter

Pain At The Pump? Convenience Stores Blame Credit Card Fees

HuffingtonPost.com | Zach Carter | Posted 04.09.2012 | Politics

WASHINGTON -- Ten months after the American retailers won a lobbying victory on Capitol Hill against debit card swipe fees, a trade group representing...

Zach Carter

Swipe Fee Fallout Has Small Banks Relishing Rare Advantage Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 03.02.2012 | Politics

Last year's wild legislative melee over debit card swipe fees featured a curious contradiction: Although big Wall Street banks stood to lose the most ...

Catherine New

Banks Tap Reliable Money Maker: Credit Cards

HuffingtonPost.com | Catherine New | Posted 01.20.2012 | Business

After being rebuffed in its efforts to charge $5 per month for debit card use, Bank of America is gambling on the optimism of American consumers and g...

Catherine New

Overdraft Fees Reach A New High

HuffingtonPost.com | Catherine New | Posted 01.18.2012 | Business

The cost of not having enough money just got steeper. The median overdraft fee banks charge customers surged to $30 from $27.50 last year, accordi...

Catherine New

Charge! Hungry For Fees, Banks Aggressively Push Plastic

HuffingtonPost.com | Catherine New | Posted 12.09.2011 | Business

As tighter federal regulations have been placed on debit cards, credit cards have come back with a vengeance. Banks have spent the past year pushing c...

Janell Ross

Bank Of America Taps Unemployment Benefits For Debit Fees

HuffingtonPost.com | Janell Ross | Posted 01.23.2014 | Business

CORDOVA, S.C.-- Shawana Busby does not seem like the sort of customer who would be at the center of a major bank's business plan. Out of work for much...

Janell Ross

Cashing In On Poverty: Banks Harvest Fees On Unemployment Benefits

HuffingtonPost.com | Janell Ross | Posted 01.01.2012 | Business

Out of work and living on a $189-a-week unemployment check, Rob Linville needs to watch every penny. Lately, he has been watching too many pennies dis...

Bank Of America Retreating From Debit Card Fee, Reformer Keeps Pressure On

The Huffington Post | Luke Johnson | Posted 12.31.2011 | Politics

Bank of America is reportedly scaling back its plans to charge a $5 debit card fee to its customers, but Rep. Brad Miller (D-N.C.) is still pushing le...

Ryan Grim

Wells Fargo Jacks Fees Despite Record Profit

HuffingtonPost.com | Ryan Grim | Posted 12.19.2011 | Politics

Just days after Wells Fargo announced a $4 billion profit over the past three months, Sen. Dick Durbin (D-Ill.) has asked the bank why it feels forced...

Poll: One-Third Of Customers Would Switch Banks Over Debit Card Fees

The Huffington Post | Jillian Berman | Posted 12.19.2011 | Business

For many, debit card fees could be enough to push customers to go through the hassle of switching banks. About one-third of consumers say they'd l...

Ryan Grim

Dems Call For Wall Street Investigation Over New Debit Card Fees

HuffingtonPost.com | Ryan Grim | Posted 12.13.2011 | Politics

WASHINGTON -- House Democrats responding to the recent announcement of a new Bank of America debit card fee are calling for a Department of Justice in...

After Fee Announcements, Banks Offer Best Customers Cheap Cash

The Huffington Post | Jillian Berman | Posted 12.12.2011 | Business

As big banks ratchet up fees on once-free checking accounts, they’re looking to entice some of their most credit-worthy customers to take on more de...

Ryan Grim

Movement To Abandon Bank Of America Picks Up Key Backer

HuffingtonPost.com | Ryan Grim | Posted 12.06.2011 | Politics

On Sunday night, Rep. Brad Miller, a Democrat from Bank of America's home state of North Carolina, attended a general assembly meeting of Occupy Ralei...