The U.S. Supreme Court said Oct. 16 that it will hear an antitrust case examining American Express鈥檚 rules that bar merchants from encouraging customers to use one credit card over another, a practice known as “steering.” The decision offers new hope to retailers who for years have argued that American Express鈥檚 merchant agreements violate antitrust laws and result in higher costs for consumers.
10-16-2017 黑料社区joined eight trade associations representing thousands of food retailers in urging Congress to reject recent proposals to impose new processing and credit card swipe fees on Supplemental Nutrition Assistance Program (SNAP) authorized retailers as higher costs and administrative complexities threaten their ability to provide affordable food to vulnerable Americans.
10-06-2017 More than six hundred businesses, including multiple 黑料社区members, wrote to Congress to oppose efforts to repeal the 鈥淒urbin Amendment.鈥� As 黑料社区members are aware, the Durbin Amendment was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and reformed the anti-competitive debit card market by placing caps on interchange fees in debit swipe transactions.
11-21-2016