fees

May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 4 Interchange Fee Hearing: The 5 Things You Need to Know
May 03, 2022  |  Regulation

On Wednesday, May 4, the U.S. Senate Committee on the Judiciary will hold a hearing on “Excessive Swipe Fees and Barriers to Competition in the...

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CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
March 29, 2022  |  CFPB

Credit card companies charged $12 billion in late fees in 2020, with poorer Americans paying far more than wealthier people. That’s according to a report...

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90% of Cardholders Check Receipts for Credit Card Surcharges
90% of Cardholders Check Receipts for Credit Card Surcharges
March 07, 2022  |  Credit Cards

An average of 9% of cardholders were asked to pay a surcharge of their most recent credit card purchase at restaurants or retail stores, according...

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US Retailers May Face an Uphill Road To Challenge Visa, Mastercard Swipe Fees 
US Retailers May Face an Uphill Road To Challenge Visa, Mastercard Swipe Fees 
January 20, 2022  |  Regulation

U.S. retailers, via the Merchants Payment Coalitions, have sent a letter to the Federal Trade Commission (FTC) and the Department of Justice (DoJ) on Wednesday...

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Surcharging Becoming More Acceptable to Merchants, Cardholders
Surcharging Becoming More Acceptable to Merchants, Cardholders
November 29, 2021  |  Credit Cards

As consumers learn more about the costs of accepting credit cards, they’re getting more comfortable with the practice of paying surcharges for the sake of...

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Santander to Axe Overdraft Fees for One-Third of Customers
Santander to Axe Overdraft Fees for One-Third of Customers
November 08, 2021  |  Banking

Santander Bank has launched a new program that it says will eliminate overdraft fees for nearly a third of its customers who have recently overdrawn....

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Match Group Could Benefit from Relaxed App Store Restrictions
Match Group Could Benefit from Relaxed App Store Restrictions
September 16, 2021  |  Mobile Applications

Online dating company Match Group Inc. — which operates Tinder, Hinge and OkCupid — is crafting plans to avoid paying Apple and Google for app...

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Surcharges And Headwinds Loom As Credit Card Spend Rebounds
Surcharges And Headwinds Loom As Credit Card Spend Rebounds
August 20, 2021  |  Credit Cards

You pays your money, they say, and you takes your chances. Or, in a twist on that saying: You pays more money because you’ve taken...

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SMB Banking App NorthOne Ends Overdraft Fees
SMB Banking App NorthOne Ends Overdraft Fees
June 29, 2021  |  B2B Payments

NorthOne has eliminated all non-sufficient funds and overdraft fees for its customers, the small business banking app said Tuesday (June 29). “Fees like NSF and...

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