Interchange Fee Settlement Proposed Again

It has been bouncing around for a good number of years now and was thought to be settled a few years ago before that settlement was ultimately rejected. Now, it would appear that a settlement has again been reached in the class action suit over VISA and MasterCard Interchange Fees. The lawsuit stems from claims…

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21-Cent Debit Swipe Fee Upheld by Federal Appeals Court

 The US Appeals Court for the District of Columbia last week issued a 38 page decision upholding a Federal Reserve 2011 compromise which placed a 21 cent fee on debit swipes.  The fee replaced the previous 44-cent swipe fee and resulted from the 2010 Dodd-Frank Consumer Protection and Wall Street Reform law.

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Franchisees Could Receive Money from Interchange Fee Settlement

In what was billed as the largest private antitrust settlement in American history, credit card giants Visa and MasterCard have agreed to a $5.7 billion dollar settlement to a class action lawsuit brought by retailers who claimed the companies conspired to fix the interchange fees retailers are charged when customers pay with credit cards. The…

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Swipe Fee Settlement

We again remind our members and other Dunkin’ franchisees that the $5.7 Billion settlement between VISA and MasterCard and a number of merchant and trade organizations has been finalized by the US District Court.  The settlement stems from a 2005 class action lawsuit against the credit card giants on behalf of merchants regarding non-negotiable credit…

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Swipe Fee Settlement Finalized

Speaking of the CFA, we received a notice from them this week advising that the $5.7 Billion settlement between VISA and MasterCard and a number of merchant and trade organizations has been finalized by the US District Court.  The settlement stems from a 2005 class action lawsuit against the credit card giants on behalf of…

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Swipe Fees In The News Again

In the latest round in the Swipe Fee settlement case, a federal judge ruled this week that banks and credit card companies had charged “inappropriately” inflated fees for debit cards in retail transactions.  In his ruling, Judge Richard Leon said the Fed set swipe fees that yielded “billions of dollars” more than Congress intended when…

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A virtual cup of coffee with DDIFO Executive Director Ed Shanahan

June 8th, 2013 – Fair Franchising, Tax Reform, Swipe Fees

Inequities in Franchise Relationship Are A Global Issue – Over the course of the past few weeks, we’ve reported on efforts to enact “fair franchising” legislation in Maine, California and Massachusetts.  Notwithstanding arguments by the IFA and others that infusing a more equitable balance into the franchise relationship would be devastating, the “land down under” now weighs…

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Why Debit Card Fees are Higher Than Ever

In 2010, franchisees won a long, hard-fought battle against the finance industry, as Congress passed a bill which would regulate the exorbitant debit card fees that were being set by credit card companies and banks.Today, it appears that the battle has just begun. Some unintended consequences began to take shape in late June 2011, when…

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