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Community Banks And Credit Unions Not Ruling Out Debit-Card Fees

Sunday, October 16, 2011 - 8:24 AM
Some of the recent reward checking rate cuts may have been due to these fears as described in this SmartMoney.com article:
“Our concern remains that the market might eventually force smaller institutions to accept lower debit card revenue,” says a spokesman at the Credit Union National Association. If the smaller banks and credit unions end up receiving less in swipe fees, they too might have to start charging their customers for debit cards.

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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
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