card-hands

Durbin Hits, Fight Escalates

Retailers may have won the right to debit fee caps for now, but banks are raising fees and pointing the finger at merchants, while some lawmakers look to repeal the interchange caps. By Erin Rigik, Associate Editor. The long awaited Durbin Amendment went into effect on Oct. 1, capping interchange fees well above the 7-12

money2

BOA Drops $5 Monthly Debit Fee Plan

After its competitors dropped their planned fees, and faced with public backlash, BOA cuts plans for a new debit fee. Bank of America Corp. (BOA), which announced plans for a $5 monthly debit card fee in late September, has abandoned the idea following nationwide backlash from consumers and lawmakers, Bloomberg reported. The bank fee would

ta logo

TA Enters New $200 Million Credit Facility

TravelCenters of America LLC has entered into a new $200 million revolving credit facility. The new facility replaces TA’s previous $100 million credit facility, which had a maturity date of Nov. 12, 2012. The maturity date of the new facility is Oct. 25, 2016. Drawings under this new credit facility will require interest payments of

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

7ads6x98ycss.php