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 Lindsey Thompson | Oct 2, 2024 | Industry News
[vc_row][vc_column][vc_column_text] As part of its ongoing work to promote the passage of the Credit Card Competition Act (CCCA), the Institute for Local Self-Reliance (ILSR) is looking for independent retailers to share information on the impact swipe fees have had...
by Lindsey Thompson | Sep 25, 2024 | Industry News
The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, claiming the company is monopolizing debit card transactions and penalizing industry participants that want to use alternative debit networks. Annually, Americans—including many who...
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...
by Lindsey Thompson | Sep 30, 2023 | Operational Insights
AIMED AT ENHANCING COMPETITION and choice in the credit card network market, the Credit Card Competition Act (CCCA) was introduced in July 2023 into the U.S. House and Senate. The CCCA strives to reduce credit card interchange fees, also known as swipe fees, and...
