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Credit Card Crunch

The credit card industry is undergoing a major upheaval, as Visa and MasterCard get ready to enter the debit market. This section will highlight the latest news on the issue:

Small biz groups react
Monday, Jan. 18 marked the last day for banks, credit card companies, consumer groups, retailers and others to make their submissions for the government on the proposed credit card and debit code. | READ MORE

Audit of 'excessive' bank profits
Dec. 15, 2009 – Service and credit card fees too high, advocacy group says. CBCNews.ca reports. | READ MORE

CFIB
Dec. 15, 2009 – The Canadian Federation of Independent Busiess is another organization lobbying to change the payment card industry. | READ MORE

Retail Council of Canada
Dec. 15, 2009 – The Retail Council has put together a credit and debit watchdog page with letters of response from Visa Canada and TD Merchant Services. | READ MORE