Fight Unfair Credit Card Fees
The credit card interchange fee is the biggest credit card fee you've never heard of. Nearly $2 of every $100 American consumers spend using credit cards go directly to the credit card industry through the interchange fee.
In 2007 alone, America consumers paid over $42 billion in credit card interchange fees. Even consumers who don't use plastic pay more through higher prices.
And the credit card interchange fee is set in secret - consumers don't know they're paying it through higher retail prices. Interchange fees have risen a staggering 133% since 2001.
A rare bi-partisan consensus has emerged: HR 5546/S 3086, The Credit Card Fair Fee Act which stops the price-fixing by the credit card industry and uses a transparent market-based process.
New On UnfairCreditCardFees.com
Retailers across the nation are calling for interchange independence
Consumers pay high price for credit cards
30-Nov-2008 San Diego Union-Tribune
Credit Card Fees Targeted by Retailers Who Say Banks Overcharge
28-Nov-2008 Bloomberg
Why banks are boosting credit card interest rates and fees
10-Nov-2008 USA Today
Consumers Face the Next Crisis, It’s Credit Cards
29-Oct-2008 New York Times
CNN blows the whistle on credit card tricks and traps, click here
25-Sep-2008 CNN
Restaurants Fight Rising Credit Card Fees
24-Sep-2008 Times and Transcript
Credit cards’ hidden 2 percent
18-Sep-2008 Joplin Independent
Bank, credit card fees labelled cash grab
11-Sep-2008 The Calgary Herald