“Fees have increased as regulations have curtailed some of banks’ related revenue sources, Javelin said. Rules requiring banks to get consumers’ consent for overdraft protection, and limiting what banks may charge merchants on debit transactions, have cost the industry about $12.2 billion annually, according to the study.”
More Updates
Customers Say Retailers Are Not Living Up to Durbin Amendment Promise
Consumerism Commentary
Read
Op-Ed
Ipsos Survey: Only 7% Think Most Retailers Are Passing Along Savings from Lower Debit Card Fees to Consumers
Electronic Payments Coalition
Read
Press Releases / Statements
Dodd-Frank: Too big not to fail
The Economist
Read
Op-Ed