Retiring Senator Dick Durbin has spent more than a decade pushing to force competition into the credit card payment system.

President Donald Trump’s push for a one-year 10% cap on credit card interest rates is generating headaches for banks, but his decision to back a long-gestating bill targeting fees paid by retailers on ...

The bipartisan Credit Card Competition Act, reintroduced earlier this month, is supported by the restaurant industry but ...

Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

President Donald Trump has endorsed U.S. Sen. Dick Durbin’s plan to lower swipe fees, which are 2-to-4% fees charged to ...

The Merchants Payments Coalition claims that the average family in the U.S. pays $1,200 per year to cover the costs of swipe ...

The Credit Card Competition Act would cut down on credit card swipe fees for consumers and has the backing of President Trump ...

WASHINGTON Today, U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Senator Roger Marshall, M.D. (R-KS) reintroduced ...

The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs ...

The risk of swiping your credit card still remains high. Stay vigilant in protecting your information if you use your card at ...