Content about Fee

May 21, 2013
NRF opposes credit card swipe fee settlement

The National Retail Federation has announced plans to formally oppose a proposed settlement of a federal antitrust lawsuit over credit card swipe fees charged by Visa and MasterCard. NRF is also urging retailers to carefully consider their own decisions before next week’s deadline set by the court.

March 26, 2013
Bluebird singing sweeter financial song for Walmart

Who needs a bank? Walmart and American Express have added a host of capabilities to the Bluebird financial service product they introduced last year as an alternative to debit and checking accounts.

February 5, 2013
Credit card group takes swipe at NRF

The National Retail Federation has been outspoken in its criticism of credit card fees and now a group called the Electronic Payments Coalition that represents credit unions,banks and payment card networks is firing back, claiming that the retail lobby is making false statements regarding checkout fees.

January 31, 2013
NRF goes after surcharge fear mongering

The National Retail Federation is hoping to dispel fears that merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.

November 9, 2012
NRF asks judge to reject proposed swipe fee settlement

Lawyers representing the National Retail Federation and many of the nation’s most prominent retail companies are set to appear in court today to ask a federal judge to reject a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.



November 9, 2012
NRF to explore legal options after preliminary approval of swipe fee deal

The National Retail Federation on Friday said it will explore all legal options following a judge’s preliminary approval of a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.

November 2, 2012
NRF forges on with swipe fee battle

The National Retail Federation is continuing its fight against credit card swipe fees by asking a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring the fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

September 17, 2012
Fred's launches no fee layaway program for holiday gift purchases

Fred's on Friday launched a holiday layaway plan featuring no fees and a down payment of only $1.

September 11, 2012
NRF seeks to block swipe fee suit settlement

The National Retail Federation is set to go to court in order to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

September 7, 2012
Kmart joins trend of cutting layaway fees

The trend of doing away with layaway fees continues, this time with Kmart announcing that it has removed its layaway service fee both in stores and online through Nov. 17.

September 6, 2012
Walmart tweaks layaway fees to match rival

Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.

August 22, 2012
RILA opposed to ‘flawed’ proposed swipe fee settlement

The Retail Industry Leaders Association criticized the proposed swipe fee settlement and urged class plaintiffs to reject the proposal.

July 19, 2012
Financial services competition heats up

Retailers don’t like the fees they are required to pay Visa and Mastercard, but retailers are willing to charge unwary and unbanked consumers plenty of other fees.

July 17, 2012
New competition for the unbanked

Kmart shoppers can avoid a $3.95 activation fee when they sign up online for the retailer’s new reloadable, prepaid MasterCard, but those who do so will need to remain vigilant to avoid other fees.

May 2, 2012
NRF: Swipe fees haven't dropped enough

The National Retail Federation is responding to a report from the Federal Reserve, which revealed that debit card swipe fees collected by the nation's largest banks have significantly dropped since reform regulations took effect last fall.

November 23, 2011
Retailers sue Federal Reserve

A coalition of retail organizations, including the National Retail Federation, the Food Marketing Institute and the National Association of Convenience Stores, have filed a lawsuit charging that the Federal Reserve failed to comply with a new law requiring it to reduce fees bank charge retailers when shoppers use credit cards.

November 2, 2011
RILA responds to Bank of America decision to abandon debit fee charge

The Retail Industry Leaders Association on Tuesday issued a statement in response to Bank of America’s decision to abandon its plan to charge new fees on debit card users.

October 13, 2011
NRF continues fight for swipe fee reform

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers.

October 6, 2011
Costco raises, will Sam’s Club call?

Costco is increasing the price of its membership fees, giving Sam’s Club the green light to follow suit, although such a move seems unlikely at this time.

October 5, 2011
Costco raises profits, membership fees

Costco membership seems to defy current consumer trends as the warehouse club announced Wednesday that it would raise its annual membership fees at the same time reporting increases in fourth quarter sales and earnings.

September 30, 2011
Life’s unavoidables: Death, taxes and bank fees

Reduced fees for debit card transactions go into effect on Monday and the architect of the authorizing legislation, Senator Dick Durbin from Illinois, was feeling a lot of love from a retail industry that's convinced ample justification remains for even deeper fee reductions.

July 5, 2011
NRF: ‘Extremely disappointed’ in swipe-fee regulations set

WASHINGTON  — The National Retail Federation said last week that it is disappointed in the final debit card swipe-fee regulations set by the Federal Reserve.

Under the new rule, the current debit card swipe-fee rate of 1%-2% of each transaction will be replaced with a flat fee of not more than 21 cents per transaction for the nation’s largest banks -- substantially higher than the flat fee of up to 12 cents the Fed originally proposed in December 2010.

May 20, 2011
NRF launches advocacy campaign to preserve swipe-fee reform

The National Retail Federation has launched a major nationwide 60-day lobbying, grassroots and media campaign aimed at ensuring that a new federal law saving retailers and their customers more than $1 billion a month by lowering “swipe” fees banks charge to process debit-card transactions takes effect in late July as scheduled.

March 31, 2011
NRF finds new ally in swipe-fee fight

The National Retail Federation has a new ally in its fight for swipe-fee reform.

February 28, 2011
NRF to Federal Reserve: Swipe card fee cap doesn't go far enough

The National Retail Federation last week responded to the Federal Reserve's proposal to cap debit card swipe fees at 12 cents per transaction.

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