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Deal reached on debit card transaction fees
WASHINGTON — Limits on the fees banks charge merchants who accept debit cards would not apply to government-issued cards, under a tentative House-Senate deal aimed at easing worries raised by state treasurers.
Read more on Pioneer Press
Durbin Seeks to Exempt Benefits Cards in Debit Curbs (Update1)
U.S. Senator Richard Durbin, the Illinois Democrat pushing for caps on debit-card “swipe” fees, said legislators may exempt prepaid cards that governments use to distribute benefits.
Read more on BusinessWeek
Durbin Cedes Ground on Debit Caps as Support Erodes (Update1)
U.S. Senator Richard Durbin, faced with growing opposition and slipping support for his proposal to cap debit-card “swipe” fees, said he is working to exempt prepaid cards governments use to distribute benefits.
Read more on BusinessWeek
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