“In court documents, TCF Bank has warned that it would suffer ‘massive dislocation’ and ‘a huge loss in revenue’ if the Fed proceeds with plans to limit debit-card fees. But [CEO Bill] Cooper is no longer fighting this battle alone. After media reports emerged that banks were hiking other fees to recoup lost income, a number of congressional Republicans and Democrats have begun discussing alternatives to the Fed proposal, banking industry lobbyists say.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
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Consumers should ready themselves for looming debit-card change
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Debit card price controls may help businesses, but hurt consumers
The Hill
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At Banks, New Fees Replacing Old Levies
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