Legal analysis: When it comes to paying for things with plastic, merchants need to know the rules to stay out of trouble and ...
WASHINGTON (AP) - Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a ...
Sept 15 (Reuters) - A U.S. judge on Monday upheld the Federal Reserve’s “swipe fees” regulation that caps the amount banks charge merchants for processing debit transactions, a win for the board after ...
A proposed cap on the fees that banks charge for debit-card transactions would substantially reduce the cost for businesses. But for bank customers, it has started a death watch for debit-card rewards ...
WASHINGTON (AP) - The Federal Reserve has taken a gentle swipe at the banking industry's multibillion-dollar business of collecting debit-card fees from retailers. Beginning this fall, the Fed said ...