The Banks Who Cried Wolf: Latest Bank Fee Survey Shows Consumer Fees Not Related to Swipe Fees

MPC press release via Pymnts.com Contrary to the litany of industry arguments, the monthly service fees banks charge consumers are in fact not related to debit swipe fees, said the Merchants Payments Coalition (MPC) today after analyzing new data released by moneyrates.com and Bankrate.com. Since the passage of the Durbin Amendment, the nation’s banking and credit card industries have contended [...]

Small businesses express growing concern over antitrust settlement

Via BankCreditNews.com: Visa and MasterCard recently agreed to a $7.2 billion settlement that would allow retailers to charge consumers a “checkout fee,” but some small business owners claim that these fees would only complicate a struggling retail market. “This [settlement] was clearly negotiated by a bunch of attorneys who don’t understand how competitive the environment [...]

ADA Compliance

Does your ATM meet the new regulations?

FDA seeks public’s comments on menu labeling rules

A new menu labeling law that requires restaurant chains to post calories could extend to convenience stores, movie theaters and alcoholic beverages, if public comments are allowed to affect the law.

Transportation Committee Leaders Roll Out Reauthorization Proposal

Transportation Committee leaders today rolled out a new six-year transportation reauthorization proposal that streamlines and reforms federal programs, expedites the project approval process, maximizes leveraging of limited resources, provides flexibility for states, and ensures long-term funding stability for job-creating transportation programs.

Derailing debit card reform bad for consumers, economy

In a year when millions of Americans are out of work and businesses everywhere struggle to remain viable, it is simply counterintuitive for Congress to pave the way for higher costs to consumers and retailers.