BUSINESS

JPMorgan Considers $50 Spending Limit On Debit Cards

03/10/2011 08:17 am 08:17:53 | Updated May 25, 2011

JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.

Why? Because of a tricky thing called interchange fees.

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