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New Rules On Debit-Card Processing Start To Pinch Small Banks And Credit Unions

Monday, December 31, 2012 - 7:17 PM
Community banks and credit unions are reporting lower debit-card processing revenue as a result of financial reform laws, sparking concerns that they may be forced to impose new fees on customers to offset their losses. Their experience stood in contrast to new reports published by the Federal Trade Commission and the Government Accountability Office, which suggest that a provision meant to protect small banks from debit-card reform has indeed shielded them from any significant losses in revenue.

New rules on debit-card processing start to pinch small banks and credit unions - The Washington Post
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