The bipartisan Credit Card Competition Act, reintroduced earlier this month, is supported by the restaurant industry but ...

President Donald Trump’s push for a one-year 10% cap on credit card interest rates is generating headaches for banks, but his decision to back a long-gestating bill targeting fees paid by retailers on ...

Retiring Senator Dick Durbin has spent more than a decade pushing to force competition into the credit card payment system.

Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

First President Donald Trump targeted the interest rates credit-card companies levy against US consumers. Now he’s targeting the interchange fees that merchants must pay to tap, swipe and insert their ...

The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs for ...

President Donald Trump has endorsed U.S. Sen. Dick Durbin’s plan to lower swipe fees, which are 2-to-4% fees charged to ...

Ileana Garcia looks in her wallet for credit cards during a sermon about faith-based financial management at the Miami Vineyard Community Church on March 7, 2009, in Kendall, Florida. (Joe ...

The Credit Card Competition Act would cut down on credit card swipe fees for consumers and has the backing of President Trump ...

New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit ...