Uncertainty Around Tariffs Sparks Pandemic-Style StockpilingConsumers report buying more in certain categories to get ahead of potential price spikes. Credit Card Fees Could Add $20B-Plus to Holiday Spending TabConsumers are expected to spend an average of $902 during the November-December holiday season, according to the National Retail Federation. Love's Cofounder Judy Love Passes Away She and her late husband Tom Love launched the company in 1964. Retailers Are Optimistic New Open Banking Rules Could Alleviate Swipe Fee Issue The Personal Financial Data Rights Rule would require banks to freely share data on bank accounts, credit cards and other financial products. Credit & Debit Card Swipe Fees Reached $224B in 2023 New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. 'Motherhood Penalty' Adds Up for Working Mothers The cohort, on average, still earns 31% less than working fathers. Majority of Voters Support Federal Action on Credit Card Fees Approval of the Credit Card Competition Act crosses both political and demographic boundaries, according to the Merchants Payments Coalition. NRF: U.S. Economy Appears Resilient as Nation Faces 'Critical Moment' Fast economic growth and low unemployment would cause an increase in inflation. NRF Sees Consumer Spending Slowing Down in 2024 Pandemic savings that boosted spending last year are shrinking and consumer confidence has risen but remains low. New Coalition Forms to Push for Swipe Fee Reform The Lower Credit Card Fees Coalition includes businesses and advocates, including NACS. 1 2 3 4 5 Next Last
