And the Senate rejected a proposed amendment that would have prohibited lenders (credit card lenders included) from charging an interest rate on any credit transaction (except real estate) that exceeds the maximum interest rate allowed by state law.

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Square charges a fee of 2.75% on every credit card transaction.

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Since last July, banks have had to charge consumers the same amount for euro-denominated transactions on credit and debit cards whether the transaction was made in their home country or another EU country.

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As credit-card operators they collect a fee on every transaction, whereas the issuing banks are left to collect interest or worry about bad debts.

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Card Hub is a website set up to help consumers choose credit cards based on a variety of factors, including the foreign transaction fee.

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Raw transaction data is the messy one-line sentence that appears on a bank or credit card statement.

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Fraud for profit is committed by industry professionals who misstate, misrepresent or omit relevant details about their personal or their clients' employment and income, debt and credit, or property value and condition with the goal of maximizing profits on a loan transaction.

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Debit cards have gained market share in aggregate transaction volume at the expense of credit cards since they offer similar payment convenience and rewards benefits without the interest due on outstanding balances that is typical of credit cards.

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