Log In | Register
Democrat backs credit card transaction fee bill
Seeded on Thu May 15, 2008 7:27 PM EDT (Reuters)
The Credit Card Fair Fee Act is finally before Congress today - a bill that would help consumers and merchants alike with the unfair and hidden interchange fee.
TheHill.com-Old foes unite to keep charging credit card fees to merchants
Seeded on Tue May 13, 2008 4:12 PM EDT (TheHill.com)
The Hill reports that lobbyists for the banks and credit unions who have long since been enemies are teaming up to help make sure that unfair credit card interchange fees continue to be charged to merchants without regulation.
Credit Card Fees Dig Into Gas Stations
Seeded on Thu May 1, 2008 6:46 PM EDT ()
Interchange fees on credit card purchases at gas stations have risen to such a level that station owners are offering discounts to consumer who use cash in New Hampshire.
Consumer Groups Applaud Senate Banking Chairman's Credit Card Reform Bill
Seeded on Thu May 1, 2008 6:33 PM EDT ()
"A coalition of consumer, labor and civil rights groups lauded tough new legislation to prohibit abusive and unfair credit card practices, introduced today by Senate Banking Committee Chairman Chris Dodd." This long overdue legislation will finally take a look at the outrageous …
Credit Card Fees Pinch Retailers
Seeded on Sun Apr 27, 2008 7:30 PM EDT ()
The profits that gas stations make on gas currently are small even before credit card fees.
Independent Bank Corporation Reports First Quarter 2008 Results
Seeded on Sun Apr 27, 2008 7:13 PM EDT (SunHerald.com)
The Sun Herald reports that "VISA check card interchange income increased by 44.3% to $1.4 million for the first quarter of 2008, up from $1.0 million in the first quarter of 2007." These fees have reduced the profits of small businesses such as gas stations and are now the subj …
Tax Bill Could Be Greater Threat Than Interchange Proposal for Acquirers
Seeded on Mon Apr 21, 2008 4:57 PM EDT ()
A new article from Digital Transactions includes quotes from a couple credit card industry lobbyists who are trying to underplay the chances of the Credit Card Fair Fee Act and its importance for fixing the interchange fees imposed on merchants and consumers.
Cafferty/China Uproar Lasting as Long as the Great Wall
Seeded on Sun Apr 20, 2008 8:31 PM EDT ()
Jack Cafferty ruffled some feathers (or Files) during The Situation Room last week when he said, in a discussion of China, "I think they're basically the same bunch of goons and thugs they've been for the last 50 years."
MSNBC clamps down on leaks to Jossip…story leaked to Jossip.
Seeded on Sun Apr 20, 2008 8:18 PM EDT ()
MSNBC is trying to clamp down on leaks to Jossip. Of course this gets leaked to Jossip…
Congress tackles credit card reform
Seeded on Thu Apr 17, 2008 6:30 PM EDT (CNN)
Congress is finally getting down to business in regards to taking a hard look at credit card reform.
The Credit-Card Fee Market Isn't Working
Seeded on Mon Apr 14, 2008 11:24 AM EDT (Wall Street Journal)
Reps Cannon and Conyers respond to the WSJ's March 29 editorial, "Credit-Card Wars," and discuss their support for the Credit Card Fair Fee Act and their work on fixing interchange fees
Are Credit-Card Fees Fair, to Whom, and How Best to Set Them?
Seeded on Thu Apr 3, 2008 8:35 PM EDT (Wall Street Journal)
Several letters to the editors were posted today in the WSJ in response the article Credit Card Wars.
Wawa encourages customers to pay for gas with cash
Seeded on Thu Apr 3, 2008 6:37 PM EDT ()
Interchange credit card fees have cut so far in to their gas sales that a bunch of Wawas have begun offering a discount to consumers who pay with cash.
Credit Card Breach Raises Broad Concerns
Seeded on Mon Mar 31, 2008 2:52 PM EDT ()
A recent credit card breach is helping shed more light on the problems facing the current credit card industry. US lawmakers are putting increased focus on the industry that has been without reform for far too long.
EU investigates Visa's fee policy
Seeded on Mon Mar 31, 2008 2:48 PM EDT (MiamiHerald.com)
EU is taking a hard look at Visa's credit card fee policy and it is something that we could soon be doing here. Unfair fees such as interchange fees that the industry charges are in desperate need of reduction in the US and not just Europe.
Credit Card Practices and Consumer Debt
Seeded on Mon Mar 31, 2008 2:44 PM EDT ()
VPR has a new interview on how more needs to be done to bring more accountability and transparency for the credit card industry. Fees such as these and interchange are getting a closer look from Congress, but more still needs to be done.
Retailers: Card fees too high
Seeded on Mon Mar 31, 2008 2:38 PM EDT (Times Union)
At the Silver Parrot, a clothing and jewelry retailer at Stuyvesant Plaza and Clifton Park Center, credit card fees have gotten so high the total monthly cost rivals the store's rent. Cards make up about 70 percent of his business, owner Clint Hegeman said. And to Hegema
Visa Set for Charge in Biggest U.S. IPO
Seeded on Mon Mar 24, 2008 12:34 PM EDT ()
"$3 billion of the proceeds will be placed into an escrow account for litigation settlements in legal battles with Discover Financial Services (DFS) and American Express Co.
Visa Set to Charge
Seeded on Mon Mar 24, 2008 12:30 PM EDT (Briefing.com)
While many companies use the proceeds of IPOs to build their balance sheet and fund expansion, Visa is using $3 billion of the capital raise to fund litigation expenses.
Visa's IPO Fueled by International Growth and U.S. Shift to Electronic Payments
Seeded on Mon Mar 24, 2008 12:25 PM EDT (Energy Sector and Stocks Analysis from Seeking Alpha)
Again, Visa's IPO is helping to draw attention to what Congress is trying to do with the Credit Card Fair Fee Act - help bring some transparency to their credit card fees. After working with the MPC for a while, I know that this is really an issue that is long overdue.
Why the Visa IPO is so hot
Seeded on Mon Mar 24, 2008 12:16 PM EDT (MSN)
The Visa IPO is really doing a lot to help shine a light on their previously shading interchange fee practices.
EU gives MasterCard six months to cut fee
Seeded on Wed Dec 19, 2007 3:02 PM EST (Reuters)
By Huw Jones BRUSSELS (Reuters) - MasterCard (MA.N: Quote, Profile, Research) has six months to change its fee structure for international card transactions or face daily fines, according to an EU ruling that retailers said would save consumers...
Recent Votes
redsoxbd has not voted for any articles yet.
Comments & Feedback
Stop Tracking
Profile
redsoxbd
Member Since: 1/2007Last Seen: 2/04/2010
redsoxbd has not filled out a bio yet.
redsoxbd's Friends
Recommendations
redsoxbd is not offering any recommendations at this time.
Articles & Seeds By Tag
redsoxbd's Feeds
Subscribe to redsoxbd's content using the feeds below. Use RSS for your newsreader and JSS to insert onto your own blog:COMPANY STUFF:
LEGAL STUFF:
- © 2005-2012 Newsvine, Inc. |
- Newsvine® is a registered trademark of Newsvine, Inc. |
- Newsvine is a property of
Latest Comments
Are Credit-Card Fees Fair, to Whom, and How Best to Set Them?
EU gives MasterCard six months to cut fee