Law, Strategy, and Risk in Commercial Disputes
Each time you buy something with a debit card, you and the issuer of your card pay an "interchange" fee for using the network that handles the purchase. Visa and MasterCard run the biggest networks and reap the most fees — directly from your card issuer and indirectly from you.
A new law, the…
Your credit card comes with Terms and Conditions. You've never read them. But they include, somewhere around page 18, a warning that if you make any payment late, the card issuer has the right, if it wants, to increase the interest rate that applies to your Outstanding Balance. And it may do so retroactively. Without…