Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Stores Cheer, Banks Fume As Judge Throws Out Fed’s Swipe-Fee Cap

Tuesday, August 6, 2013 - 8:56 PM
Cats and dogs. Hatfields and McCoys. Whatever metaphor you want to use, banks and merchants are at it again over debit interchange fees. Experts say we probably won’t see a repeat of banks’ disastrous 2011 attempt to slap monthly usage fees on debit cards, but consumers could be stuck paying even more for products and services at big banks. 

Stores Cheer, Banks Fume as Judge Throws Out Fed’s Swipe-Fee Cap | TIME.com
6
ShorebreakShorebreak2,381 posts since
Apr 6, 2010
Rep Points: 12,707
Reply