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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 bottom line. Military members can benefit from interest rate caps and waived fees thanks to the protections in place by the SCRA. This makes it easier to fit high-value rewards credit cards ...
NEW YORK (Reuters) - A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit ...
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...
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Interest rate on federal student loans you received before your military service is capped at 6% during periods of active duty. For loans disbursed prior to active duty start date. For federal student loans, the earliest benefit effective date is August 14, 2008; active duty periods that fall on or after that date may qualify.
1. The payment count adjustment is automatic for Direct or federally managed FFEL loans—no application required. The payment count adjustment automatically updates the accounts of borrowers with federally managed loans. It provides credit toward income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF) for any time ...