New Battle Over Credit Card Interchange Fees

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.