Wells Fargo Joins Chase In Cutting Back On Debit-Card Rewards Programs

From Bloomberg:

Wells Fargo & Co. (WFC), the bank with the biggest U.S. branch network, will no longer enroll customers in debit-card rewards programs following a proposed cap on interchange fees.

Last week JPMorgan Chase announced that it will stop offering debit card rewards to most customers as of July 19. We will probably see more banks take these steps if the bill that delays this regulation doesn't pass.