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New Battle Over Credit Card Interchange Fees

Monday, January 23, 2012 - 4:29 PM
It took new legislation to cut debit card interchange fees last year. This year credit card interchange fees could be cut due to the courts. From The Street via CNBC
At least as worrisome to the financial companies, according to Deutsche Bank research, is the risk that a settlement or judge's ruling could take the 2 percent "interchange" fees banks and card companies charge retailers on credit card transactions to as low as 0.5 percent

That wouldn't be good for the cash back credit cards.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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