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Top paymentsdive.com News

Trump nominates OMB official to lead CFPB amid attacks on watchdog agency — Anna Moneymaker/Getty Images via Getty Images

US Politics · United States

Trump nominates OMB official to lead CFPB amid attacks on watchdog agency

64% Center coverage: 55 sources

The White House has nominated Stuart Levenbach, a senior official at the Office of Management and Budget (OMB), to be the director of the Consumer Financial Protection Bureau (CFPB). See the Story

Visa and Mastercard strike deal to lower merchant fees | News Channel 3-12

Business · United States

Visa and Mastercard strike deal to lower merchant fees | News Channel 3-12

42% Center coverage: 19 sources

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have struck a deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The two credit card giants have been entangled in a lawsuit brought by retailers for the last 20 years that alleged the companies have fixed the price of interchange fees — a large portion of the fees merchants pay when a customer makes a purchase with a cred…See the Story

‘We Take Visa, Just Not That One’: Are Credit Card Rules About to Change?

United States · United States

‘We Take Visa, Just Not That One’: Are Credit Card Rules About to Change?

47% Center coverage: 15 sources

Visa and Mastercard have proposed a new settlement of a long-running legal battle over credit card “swipe fees” that could upend how you pay (and earn rewards) at checkout — or not.Previous attempts at settling this decades-long dispute have fizzled…See the Story

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