creditcards

Debit Card Fees Spur Request For Anti-Trust Investigation

“Statements made by individual banks and their trade associations raise questions about whether some price increases that have occurred this year have actually been coordinated,” says Chief Deputy Whip Peter Welch. Amid widespread outrage over new debit card fees charged by Bank of America and other big banks, Chief Deputy Whip Peter Welch (D-Vt.) and

cardswipe

Lawmakers Look To Repeal Durbin Swipe Fee Caps

Two U.S. House lawmakers plan to introduce a bill to repeal a Federal Reserve rule capping debit-card swipe fees, Bloomberg reported today, Oct. 12. Representatives Jason Chaffetz, a Utah Republican, and Bill Owens, a New York Democrat, are introducing a measure later today to repeal the rule required under the 2010 Dodd-Frank Act, John Hadlock,

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