Retailers claim credit card swipe fees are driving inflation – Scripps News
Inflation has eased since its peak in 2022, but retailers say credit card processing fees aren't helping to lower inflation. The National Retail Federation sent a letter to the Senate Judiciary Committee this week urging Congress to take action to limit credit card transaction fees. What is a swipe fee? Businesses are charged a fee […]
Get a free massage with Amex Equinox credit, Qatar business for 40k miles and wine tasting at 35,000 feet (Saturday Selection) – Frequent Miler
Frequent milers' latest team challenge, Million Mile Madness, is almost complete. For the past two weeks, Greg, Nick and Stephen have been competing to earn 1 million SAS miles on 15 different airlines. But who accomplished this challenge with the most speed, affordability, and style? Please vote here! We just finished our second annual challenge […]
Macy’s, other big retailers hike store-branded credit card rates as holidays ramp up – New York Post
At least 50 major retailers are raising interest rates on private label credit cards to record highs, even as inflation continues to plague shoppers across the country, a shocking new study reveals It became. Big chains like Macy's, Gap, TJ Maxx and Petco raised annual interest rates on store-issued credit cards before the Federal Reserve […]
Trump’s cut to Biden’s EV tax credit, backed by Musk, may impact auto industry, experts say
President-elect Trump is reportedly considering rolling back the Biden administration's credibility for electric vehicles, a move that experts say will have mixed effects on the auto industry as a whole. President Biden has implemented tax credits of up to $7,500 to encourage the purchase of environmentally friendly vehicles. But sources told Reuters that President Trump […]
Credit Card Competition Act will not face a vote, despite threats from Judiciary Committee – The Points Guy
Based on Tuesday's ruling, the Credit Card Competition Act will remain stalled until the 119th Congress begins in January. Senate Judiciary Committee Hearing in washington d.c. Senate Bill 1838 This would require credit card issuing banks to offer at least two networks to merchants processing electronic credit card transactions, leaving Visa and Mastercard functioning as […]
Dick Durbin, Roger Marshall Scheme to Slip Credit Card Bill into Defense Bill
Sens. Roger Marshall (R-KS) and Dick Durbin (D-IL) are plotting to slip the credit card bill into the defense bill during the lame duck session. Durbin, Senate Majority Whip; said He said Monday that he would like to propose a credit card bill, the Credit Card Competition Act, as an amendment to the must-pass National […]
US Government and IRS Confirmed: how to claim $3,600 Child Tax Credit – VIBUS News
The Child Tax Credit is administered by the Internal Revenue Service (IRS).offers families significant rebates of up to $3,600 per eligible child. This initiative aims to provide financial relief to households with dependents, especially during times of economic uncertainty. The IRS has already outlined next year's payment schedule and requirements for accessing this credit. The […]
Sen. Sanders looking forward to Trump ‘fulfilling his promise’ on credit card interest rates
Sen. Bernie Sanders, I-Vt., said he looks forward to working with the Trump administration and expects President-elect Donald Trump to stick to his promise on the interest rate cap. “I look forward to working together to fulfill the Trump administration's promise to cap credit card interest rates at 10%,” Sanders said in a post on […]
Bernie Sanders Open To Working With Trump, Advocates On 10% Credit Card Rate Cap
Independent Vermont Sen. Bernie Sanders announced on social media Friday that he intends to work with the Trump administration to address exorbitant credit card interest rates. Sanders created post On X, formerly known as Twitter. I look forward to working with the Trump Administration to fulfill its promise to cap credit card interest rates at […]
Trump’s transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team plans to eliminate the $7,500 consumer tax credit for electric vehicle purchases as part of sweeping tax reform legislation, two people with direct knowledge of the matter said. person told Reuters. Ending the tax credit could have a significant impact on America's already stalled EV transition. Still, representatives from Tesla, […]