MPC Hill Blast: Credit Card Companies Charge Everyone More
Credit card swipe fees keep growing out of control. They hit a record $187 billion in 2024. The credit card industry tries every contortion it can to find a way this helps consumers, but they strike out every time. The latest swing and miss was highlighted by the Wall Street Journal.
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MPC Hill Blast: Even Banks Know Competition is Better – Except When it Comes to Credit Cards
This article on payments demonstrates the depths of hypocrisy of the credit card industry in its attempts to push giant swipe fees ever higher.
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MPC Hill Blast: Broad, Overwhelming Support for the Marshall-Durbin Amendment
Support for the Marshall-Durbin Amendment/Credit Card Competition Act, which would create some much-needed competition for credit card companies where none exists today, is much broader than you might think.
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MPC Hill Blast: The Tell
There is a long history of detecting deception by finding the key inconsistency in what someone says. ...The latest example from the bank lobby is their overwrought protestations that adding the Marshall-Durbin Amendment (the Credit Card Competition Act) to the GENIUS Act would be a “poison pill” sinking the GENIUS Act.
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MPC Hill Blast: Military Families Need the Marshall-Durbin Amendment
hat message has come through loud and clear from the American Logistics Association and the Armed Forces Marketing Council. Those two groups represent military PX stores.
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MPC Hill Blast: Needing Dollars, Iran-Backed Militias Turn To Visa and Mastercard – WSJ
“Needing Dollars, Iran-Backed Militias Turn To Visa and Mastercard” In case you missed it, that was the headline of a May 31 news story from the Wall Street Journal. The story makes a number of revelations.
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MPC Hill Blast: Coalition of Large Tribes Supports the Marshall-Durbin Amendment
The Coalition of Large Tribes has endorsed the Marshall-Durbin Amendment to provide some competition to rein in huge credit card swipe fees.
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MPC Hill Blast: ‘Bill Aimed at Reducing Credit Card Swipe Fees Puts Chinese Company in Crosshairs’
Washington Times story says ‘Bill Aimed at Reducing Credit Card Swipe Fees Puts Chinese Company in Crosshairs.’
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MPC Hill Blast: Wall Street Doubletalk: Swipe Fees Won’t Go Down, But Rewards Will Go Away
The giant Wall Street banks and their “experts” are throwing every argument they can think of against credit card competition. Even when they blatantly contradict themselves.
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MPC Hill Blast: No Innovation in Payments Without Competition
Payments in the United States is long overdue for innovation, but one MPC member recently coauthored an article with the CEO of a stablecoin company that shows how long overdue we are for real change.
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