New Poll Shows 75% of Voters Want Congress to Reduce Credit Card Swipe Fees
A comprehensive new poll released by MPC shows that the vast majority of Americans understand the high price of credit card swipe fees and want Congress to do something about it.
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Preliminary Court Ruling on Visa/Mastercard Swipe Fees is Bad Deal for Merchants and Consumers
MPC expressed disappointment with a federal judge’s preliminary approval of a proposed settlement of merchants’ lawsuit over Visa and Mastercard credit card swipe fees, saying the settlement still fails to provide adequate relief.
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Merchants Disappointed by Veto of Colorado Bill to Ban Swipe Fees on Sales Tax
MPC expressed deep disappointment today after Colorado Gov. Jared Polis vetoed legislation that would have banned credit and debit card swipe fees on sales tax and was poised to deliver significant savings for small businesses and consumers across the state.
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Merchants Say Judge’s Ruling on Illinois Swipe Fee Law is ‘Based on a Technicality’ and OCC Rule Will be Overturned
MPC said a federal judge’s ruling against Illinois’ ban on swipe fees on sales tax and tips is not the last word in the case and that the law is expected to eventually be upheld.
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Swipe Fee Law Delay Will Cost Illinois Consumers and Businesses $500 Million
MPC blamed bank “scare tactics” for Illinois delaying its ban on swipe fees on sales tax and tips and said the delay is estimated to elevate costs in Illinois by $500 million over the next year above what they would have been.
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Merchants Call on OCC to Drop Swipe Fee Rule, Saying Price-Fixing Impact Could Go ‘Far Beyond’ Credit Cards
MPC urged the Office of the Comptroller of the Currency to withdraw a pending rule intended to block state laws on credit card swipe fees, saying the measure endorses price-fixing that could drive up a wide range of fees banks charge both merchants and consumers.
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Merchants Oppose Letting Banks Increase Debit Card Swipe Fees as Consumers Face Affordability Challenges
MPC and member trade associations today urged the Senate Banking Committee to reject a proposal that would allow dozens of large banks to increase the fees they charge merchants to process debit card transactions, saying the move would mean higher prices for consumers.
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Merchants Welcome Passage of Colorado Bill to Ban Swipe Fees on Sales Tax
MPC welcomed passage of legislation that would ban credit and debit card swipe fees on sales tax in Colorado and called on Gov. Jared Polis to sign the measure into law as soon as possible.
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Daily Toll of Credit Card ‘Swipe’ Fees on Gas and Diesel Tops $60 Million
The amount big banks and card networks may collect in credit card “swipe” fees on gasoline and diesel has now reached as much as $60 million a day, MPC said.
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