Fed Caps Debit Card Fees for Merchants

The Federal Reserve Board voted on Wednesday to limit the fees that banks collect from retailers each time a customer makes a purchase to an average of 21 cents a transaction, a cut of nearly 50 percent from what banks and credit card companies currently earn. The cap is a defeat for banks generally ...

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• Fed Caps Debit Card Fees for Merchants


The Federal Reserve Board voted on Wednesday to limit the fees that banks collect from retailers each time a customer makes a purchase to an average of 21 cents a ...

• Fed Halves Debit Card Bank Fees


The new cap of 21 to 24 cents for a debit card transaction is higher than the Federal Reserve ... But merchants have complained that as the cost of debit fees — a charge ...

• Fed wants 12-cent cap on debit card swipe fees


NEW YORK — The Federal Reserve on Thursday proposed a 12-cent cap on the fees banks would be allowed to charge merchants for debit card transactions, a limit ...

• Fed proposes 12-cent cap on merchant debit fees


NEW YORK (AP) -- The Federal Reserve on Thursday proposed a 12-cent cap on the fees banks would be allowed to charge merchants for debit card transactions, a limit that some ...

• Fed Set to Cap Debit Card Fees for Merchants


Skip to comments. Fed Set to Cap Debit Card Fees for Merchants NYT ^ | June 29, 2011 | EDWARD WYATT Posted on 06/29/2011 1:18:43 PM PDT by Pan_Yan

• Fed proposes 12-cent cap on merchant debit card fees | Deseret News


NEW YORK — The Federal Reserve on Thursday proposed a 12-cent cap on the fees banks would be allowed to charge merchants for debit card transactions,

• Fed to Impose Cap on Debit Card Swipe Fees Paid by Merchants


In another move that is sure to backfire on consumers, the Federal Reserve is proposing a cap on interchange fees paid by merchants when you swipe your debit card at a store ...

• Fed reconsiders cap on debit card fees


WASHINGTON -- The Federal Reserve told Congress on Thursday that it hasn't settled on its proposal to limit the fee banks charge merchants for debit card ...

• Fed Proposes Cap to Debit-Card Fees


The Federal Reserve has proposed to cap debit-card swipe fees at 12 cents per transaction, which would save merchants and their customers 70%, or $1.2 billion a ...