Bank fee limits backfire for some small businesses

Filed under: AM Roundup |

Despite a law on limits banks charge businesses for small purchases, fees are going up – not down, reports the Denver Post.

Some businesses report that fees eat up about 3.8 percent of the monthly profit. The issue is that while some businesses are benefiting from the change, those with purchases of $10 or less per customer, are feeling the pinch.

Read more at the Denver Post.