by Jacob Musselman | Feb 11, 2026 | Industry News
Overall consumer credit continued to expand in the fourth quarter of 2025, with growth in both nonrevolving and revolving credit. Nonrevolving credit, which includes student and auto loans, accounts for 74% of total outstanding consumer credit, while revolving credit,...
by Jacob Musselman | Aug 8, 2025 | Industry News
A U.S. judge from North Dakota has vacated the Federal Reserve’s credit card swipe fee regulation that capped the amount banks can charge merchants for processing transactions. The ruling says swipe fees set by the Federal Reserve set the cap too high, causing...
by Jacob Musselman | Nov 7, 2023 | Industry News
The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than banks’ costs to process...
