Tag Archives: Card fees

Tuesday, April 1, 2014

Wal-Mart files antitrust suit against Visa over interchange fees

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Wal-Mart—the largest retailer in the nation—entered the interchange debate after it filed suit against Visa last week, alleging that the card company colluded with banks to fix interchange rates unreasonably high. In its 39-page complaint filed in a federal district … Read More…

Tuesday, March 25, 2014

Court ruling upholds Fed’s swipe fee cap, anti-exclusivity provisions

Card Swipe

A federal appeals court dealt a blow to merchants in the swipe fee debate last week after it issued a ruling upholding the Federal Reserve cap on debit transaction processing fees. In 2011, the Federal Reserve, under the authority of … Read More…

Tuesday, February 4, 2014

EU official urges court to dismiss MasterCard appeal of interchange fee ruling

European Commission

EU Court of Justice Advocate General Paolo Mengozzi told the EU court last week that it should dismiss MasterCard’s appeal of a decision by the European Commission that the card company’s interchange fees broke antitrust laws. MasterCard is appealing a … Read More…

Monday, January 20, 2014

NRF urges appeals panel to uphold ruling against Fed’s interchange rule

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The National Retail Federation urged a three-judge appeals panel on Friday to uphold Judge Richard Leon’s July ruling that the Federal Reserve cap on debit swipe fees is too high and that the cap should be lowered. “Nearly four years … Read More…

Monday, January 20, 2014

Amici participate in oral arguments in Fed’s appeal of debit interchange ruling

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The National Association of Federal Credit Unions and other amici participated on Friday in oral arguments on the Federal Reserve’s appeal of a district court ruling that found the central bank’s rules on debit interchange fees to be invalid. The … Read More…

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