Lawmakers call for repeal of cap on store debit card swipes

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 [...]

October 13, 2011Comments OffRead More