Four developing payments stories that bankers must watch this fall
For bankers in the payments space, four looming issues to watch as fall approaches: The credit card settlement that wasn't, the ongoing battle over late fees, pros and cons on the proposed Capital One-Discover merger, and CFPB stirring up more trouble about "junk fees," this time over cash back charges at retailers.
Payments and controversy didn’t take a summer vacation this year.
Here are four controversial matters, three of which The Financial Brand covered earlier this year, and where they stand now:
Interchange class action suit likely going to trial after judge nixes settlement
Nearly 20 years after it began, a major lawsuit in which a group of merchants and associations sued Visa, Mastercard and six major banks over card swipe fees, now appears headed for trial after all.
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