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Debit card fees gone, but Colorado banks could feel the pain

It appears the customer has won the fight about debit card fees, but Colorado banks could lose millions, said Don Childears, Colorado Bankers Association president and CEO. This week, the Associated Press reported that Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers… Continue Reading Debit card fees gone, but Colorado banks could feel the pain

Lawmakers are calling for a repeal of the regulation that caps the fees banks can collect from store owners when customers swipe their debit cards – something that generated millions for banks. The regulation, part of the Durbin amendment to regulate the finance indstry, has led banks to increase other banking fees, including monthly debit… Continue Reading Lawmakers call for repeal of cap on store debit card swipes

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