The Consumer Financial Protection Bureau has dumped over 100,000 complaints, in 11 computer languages, for “civic hacking.” Banks complain that it’s not filtered for accurate complaints.
Retailers can now openly charge shoppers more for using credit cards. In fact, they’ve stealthily been passing those 1 to 4 percent fees on to consumers.
Major credit card companies — Visa and Mastercard — as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does not go far enough to protect retailers and consumers.