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The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
The Federation for American Immigration Reform, which seeks to reduce overall immigration, estimated that 16.8 million “illegal aliens” were living in the U.S. as of June 2023.
United States v. Shelley M. Richmond Joseph and Wesley MacGregor (2019) was the federal criminal prosecution of a Massachusetts state court judge (Joseph) and court officer (MacGregor) for helping a state court defendant evade federal immigration authorities by allowing him to leave a court hearing through a rear door of the courthouse.
The economic impact of illegal immigrants in the United States is challenging to measure and politically contentious. Research shows that illegal immigrants increase the size of the U.S. economy/contribute to economic growth, enhance the welfare of natives, contribute more in tax revenue than they collect, reduce American firms' incentives to offshore jobs and import foreign-produced goods ...
New Agreement Will Lower Credit Card Transaction Fees On March 26, 2024, Visa and Mastercard, the two largest credit card issuers in the U.S., agreed to lower credit card interchange fees for ...
Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...
Durbin amendment. The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by ...
An immigrant attempting to cross the US-Mexico border illegally by climbing over the border fence in Brownsville, Texas. Illegal immigration, or unauthorized immigration, occurs when foreign nationals, known as aliens, violate US immigration laws by entering the United States unlawfully, [1] [2] or by lawfully entering but then remaining after the expiration of their visas, parole or temporary ...