The Atlanticist

Archives for Euro & Finance

            March 19, 2019 the EU mandated enhanced disclosure requirements on currency-conversion fees for banks, merchants and ATMs. The landmark pro-consumer reform will take effect in April, 2020 and should reduce the number of consumers fleeced by Dynamic Currency Conversion (DCC). Competition and inadequate disclosure requirements have fueled an explosion… » read more

Posted by Eric Grover

March, 2018 the European Commission proposed requiring better disclosure of credit-card foreign-exchange fees and that charges on intra-EU cross-border euro and domestic non-euro payments be the same. To improve payments markets and further economic integration, the EU has intervened repeatedly. Interventions may be justified and useful where there’s a market structural problem or imperfection harming… » read more

Posted by Eric Grover