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Proposed Bill Would Reduce Your Fraud Liability On Debit Cards

Saturday, April 5, 2014 - 9:19 AM
From a fraud protection standpoint, debit cards are considered inferior to credit cards. The security-provided credit cards can sway debt-averse consumers to use them, even when they’d rather swipe their debit cards. A newly proposed bill, called the Consumer Debit Card Protection Act of 2014 (CDCPA) by U.S. Sens. Mark Warner (D-VA) and Mark Kirk (R-IL), will make it so that debit card protections are similar to credit cards.

http://www.mybanktracker.com/news...duce-fra..
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