Unfair Credit Card Fees.com

Facts & Figures

Fact Sheets:

• The Fallacy of the Richmond Fed Study (5/16/17)
• American Businesses and Consumers WIN with Debit Reform! 
• Hypocrisy Hurts:Banks Swiped the Money They Say Merchants Pocketed
• Myth v. Fact on Durbin Amendment
• Experts Agree – Debit Reform Enhanced Free-Market Competition
• FACT: CREDIT UNIONS USE 2010 DEBIT REFORM LAW TO COMPETE WITH MEGA-BANKS 
• THE TRUTH ABOUT CONSUMER SAVINGS FROM DEBIT REFORM
• DEBIT REFORM: REMINDERS OF THE FACTS
• FACT: DEBIT SWIPE FEE REFORM INCREASES COMPETITION
• FACT: SMALL BUSINESSES ARE BETTER OFF WITH DEBIT SWIPE FEE REFORM
• 5 Things to know about swipe fees (VIDEO)
• FACT: U.S. MERCHANTS AND CONSUMERS PAY THE HIGHEST SWIPE FEES  IN THE WORLD
• FACT: NO FREE MARKET WITH DEBIT SWIPE FEES
• FACT: CONSUMERS WIN WITH DEBIT REFORM
• FACT: FREE CHECKING IS UP, NOT DOWN, SINCE DEBIT REFORM
• FACT: SMALL BANKS HELPED, NOT HURT, BY DEBIT REFORM
• The Facts About Debit Reform
• The Facts About Credit Card Swipe Fees
• Myths About Swipe Fees
• Credit Union National Association Inaccurate Survey on Swipe Fees 2013
• The Facts About EPC's Misleading 2011 "Study"
• The Facts About EPC's Misleading 2012 "Study"
• “Swipe Fee” Reform – International Lessons
• The Facts About The Impact of Debit Reform On Small Banks

Documents:

• National Restaurant Association Statement Following Financial CHOICE Act Markup (05/04/17)
• Foor Marketing Institute: H.R. 10 is bad for small business, great for mega-banks
• Food Retail Industry Supports Competition; Opposes Debit Repeal Legislation
• SIGMA:OPPOSE the Repeal of Debit Reform (section 735) in the Financial CHOICE Act of 2017 (H.R. 10)
• Letter: Trade Associations Urge Congress to Save Pro-Competitive Debit Reform (04/24/17)
• Letter: Retailers Urge Congress Not to Repeal Debit Reform (02/08/17)
• Congressman Peter Welch’s Letter to Federal Trade Commission regarding EMV and Limitations on Debit Network Routing Choices (12/13/16)
• Letter: 39 members of Food Marketing Institute’s Board of Directors Urge Congress to Keep the Pro-Competitive Debit Reforms (12/5/16)
• NACS: Visa Gets Caught Trying to Rig the Market and Changes its Rules to Avoid FTC Enforcement (11/18/16)
• Retail associations’ letters sent the House Financial Services Committee opposing the Financial Choice Act (HR 5983) and the proposed repeal of the Durbin Amendment — September 2016
  • The National Association of Convenience Stores (NACS)
  • National Restaurant Association (NRA)
  • The Food Marketing Institute (FMI)
  • The National Grocers Association (NGA)
  • The National Retail Federation (NRF)
  • The Retail Industry Leaders Association (RILA)
  • The Society of Independent Gasoline Marketers of America (SIGMA)

• Merchants’ Response to CEI September 14th, 2016 Article on the Financial CHOICE Act and the Durbin Amendment

Interchange Charts:

• Estimated Components of Interchange, Diamond Management & Technology Consultants
• Example of a Typical Credit Card Transaction Showing How Interchange Fees Paid by Merchants are Allocated, General Accounting Office
• International Interchange Rates, Transaction Resources

Banking Industry Admits Debit Reform Helps Small Banks
Douglas Kantor
January 2013

2008 State Interchange Fee Legislation 

Credit Card Interchange Fees: Issues and Answers
A Report to the House Judiciary Committee Antitrust Task Force Prepared by the Merchants Payments Coalition, Inc.
September 14, 2007

Executive Summary Report: Merchants Payments Coalition Interchange Fees Study
Harris Interactive®
February 6, 2007

MasterCard Interchange Rates
March 2007

Visa Interchange Rates
October 2006