Every time someone pays for groceries or other items and uses a debit card for a purchase, there's a cost most shoppers never see. The store pays a processing fee to the bank that issued the card, and those small…
A monthly bill shouldn’t come with homework. Yet paying for everyday services can mean wrestling with a login, hunting for a payment option or calling someone for help. PYMNTS Intelligence, in collaboration with Paymentus, explores these challenges in “The Service…
“The court has told the Federal Reserve to price a debit card payment as if the system behind it cost nothing to run,” said Gregory A. Schroeder, Executive Vice President of SPPI. “Those costs don’t disappear when a regulator stops…
National Legal News, Information & Blogs A federal appeals court ruled October 26, 2026, that the Federal Reserve’s 21-cent debit card swipe fee cap violates federal law, forcing the agency to revisit how much large banks can collect when customers pay by debit…
Published on 09/17/2026 at 12:36 pm EDT - Modified on 09/17/2026 at 03:20 pm EDT NEW YORK, Sept 17 (Reuters) - Credit Acceptance Corp agreed to a $710 million settlement with 40 U.S. states and Washington, D.C. to resolve charges it drove thousands of borrowers with low incomes and low credit…
That default path is where recoverable customers go to die. Not because they decided to leave — because the page asked more of them than the moment could bear. You have, generously, thirty seconds of attention for this. The card-update page…
The Federal Reserve had improperly factored in banks' fixed costs when deciding the maximum they could charge to process debit transactions, according to the Eighth Circuit. Federal Reserve Must Scrap 21-Cent Cap on Debit Card Swipe Fees, US Appeals Court…
The Eighth Circuit on Monday struck down the Federal Reserve’s debit-card swipe-fee cap, delivering a major victory to merchants seeking lower charges. Lower fees could reduce retailers’ costs, but shoppers are not guaranteed lower prices. The ruling does not take…
A federal appeals court today struck down the Federal Reserve’s 15-year-old regulation setting debit card interchange fees, called Regulation II. The Eighth U.S. Circuit Court of Appeals ruled that the Fed exceeded its authority in determining the costs banks could…
MPC welcomed a federal appeals court decision upholding a lower court’s ruling that the Federal Reserve’s 2011 regulated rate for debit card “swipe” fees was set higher than intended by Congress. Merchants Welcome Appeals Court Ruling That Debit Swipe Fees Are…
What the law guarantees cardholders.
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