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JPMorgan Considers $50 Spending Limit On Debit Cards

Jpmorgan Debit

First Posted: 03/10/11 08:17 AM ET Updated: 05/25/11 07:35 PM ET

CNN:

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.

Read the whole story: CNN

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Filed by Maxwell Strachan  |