Hill Blasts | Merchants Payments Coalition

Hill Blast July 23, 2024

MPC Hill Blast: Major IT Outages Ground Flights, Hits Banks and Businesses Worldwide

As everyone learned, and many experienced first-hand, last week a flawed update from the cybersecurity software firm Crowdstrike disrupted operations at companies of all kinds throughout much of the world.

MPC Hill Blast: The Blame Game

Big Wall Street banks love to jack up fees on consumers. And they like to blame anything else they can for their decisions to do so.

MPC Hill Blast: News Flash: Credit Card Companies Mistreat Consumers

Credit card companies and giant Wall Street banks keep finding more ways to get more money out of American consumers. Keep in mind, they argue that they treat consumers better because of the big dollars they take from merchants in the form of swipe fees. But swipe fees are up more than 50% just since 2020. Has that stopped the big banks from crushing consumers with higher interest rates and big fees? NO.