Over 305,000 people received federal student loan bills with incorrect amounts, many of which were higher than they should be, when payments resumed this month. Visa and Mastercard are facing regulatory challenges as the Federal Reserve plans to propose lower caps on fees charged to merchants. Credit card users paid $130 billion in fees and interest in 2022, according to a federal watchdog.
Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says https://t.co/BGdtOdYH4z
Visa and Mastercard are facing a new round of regulatory challenges, with the Federal Reserve set to propose lower caps on the fees banks and payment companies can charge merchants https://t.co/QuA9OlroIb
Visa and Mastercard are facing a new round of regulatory challenges, with the Federal Reserve set to propose lower caps on the fees banks and payment companies can charge merchants https://t.co/0Zs9BR4tCI
The Federal Reserve is set to propose lowering by about 30% the fees merchants pay to many banks when consumers shop with debit cards - WSJ $V $MA $AXP
$V $MA headline from 5am US Fed set to revise debit card fee caps pitting banks against retailers https://t.co/MjZ7WNzpW5
$V $MA 🔸Fed to Propose Lowering Debit-Card Swipe Fees -- WSJ 🔸Fed Proposal Would Lower Fees by About 30% on Average Debit Transaction of $50 -- WSJ 🔸 Merchants Had Pressed Fed for Years to Lower Debit Swipe Fees -- WSJ
🔸US FEDERAL RESERVE PROPOSES LOWERING CAP ON DEBIT CARD INTERCHANGE FEES FROM 21 CENTS PER TRANSACTION TO 14.4 CENTS PER TRANSACTION $V $MA
An estimated 305,000 people initially received federal student loan bills with the wrong amount - many with charges higher than they should be - when payments resumed this month after a three-plus year pause. https://t.co/wWdDxgsuOF