Interchange Fees

Loren Berlin

Why You Could Soon Be Getting A Discount At The Pump

HuffingtonPost.com | Loren Berlin | Posted 04.17.2012

Read More: Fuel, High Gas Prices, Gas Prices, Gas Discounts, Discounts, Durbin Amendment, Interchange Fees, Debit Card Discounts, Fuel Prices, Debit Cards, Debit Card Fees, Money News

On Tuesday, President Barack Obama will ask Congress to get tougher with speculators who are increasing the cost of gasoline by gambling on future oil...

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JPMorgan Chase Primarily Interested In Ballers, Shot-Callers

The Huffington Post | Alexander Eichler | Posted 02.29.2012

Read More: Jamie Dimon Pay, JPMorgan Chase, Video, Bank Fees, Commercial Banks, Jpmorgan, Bank of America, Commercial Banking, Interchange Fees, Overdraft Fees, Jamie Dimon, Banking Fees, Retail Banking, Financial Regulation, Debit Card Fees, JPMorgan 100K, Business News

If you've got less than a hundred grand in the bank, JPMorgan Chase is just not that into you. At a presentation to investors this week, JPMorgan e...

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Bank of America, Adam Smith and a Fee Market System

Adam Levin | Posted 12.09.2011

Read More: Interest Rates, Bank Fees, Dodd-Frank, Durbin Amendment, Dick Durbin, Bank of America, Interchange Fees, Overdraft Fees, Bofa, Debit Cards, Debit Card Fees, Barack Obama, Credit Card Fees, Business News
Adam Levin

In keeping with the new Durbin-inspired trend of candor and brevity, Bank of America CEO Brian Moynihan justified the new fee by saying, "we have the right to make a profit." Translation: I think they need the dough.

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June 29 Marks a New Day for Retailers, and Possibly Consumers Too

Patrice Peyret | Posted 08.30.2011

Read More: Interchange Fees, Federal Reserve, Debit Cards, Debit Card Interchange, Durbin Amendment, Prepaid Cards, Business News
Patrice Peyret

The Federal Reserve today issued the final rules on the Durbin Amendment, and it's an ultimate win for retailers, although I predict some battles to c...

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Against Their Own Interests

Mike Lux | Posted 08.03.2011

Read More: Interchange Fees, Swipe Fees, Wall Street, Durbin Amendment, Credit Unions, Swipe Fee Regulation, Swipe Fee Battle, Community Banks, Business News
Mike Lux

It's unfortunate that some community bankers have gotten caught up on the wrong side of this battle, but the bottom line couldn't be clearer. Swipe fee regulation is a straightforward fight between Main Street and Wall Street.

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Democrats and Wall Street

Mike Lux | Posted 07.06.2011

Read More: Interchange Fees, Elizabeth Warren, American Family Voices, Debbie Wasserman Schultz, Swipe Fees, Big Banks, Cfpb, Politics News
Mike Lux

The Republicans in the Senate have thrown down the gauntlet: 44 Republican senators have signed a letter saying they won't confirm anyone to be the director of the new Consumer Financial Protection Bureau unless the new agency is made toothless.

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The Poor Get Swiped by Swipe Fees, the Rich Make Bank

Bryce Covert | Posted 07.04.2011

Read More: Interchange Fees, Banks, Credit Cards, Swipe Fees, Debit Cards, Financial Reform, Business News
Bryce Covert

Whenever I bring up the predatory bank practices that keep people stuck in debt, usually the first push back I get is that credit cards can be useful. But this argument misses the point.

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Sony Data Breach: Another Case for Interchange Delay

Bill Cheney | Posted 07.03.2011

Read More: Banks, Interchange Fees, Merchants, Jon Tester, Sen. Bob Corker, Credit-Union-National-Association, Sony, Credit Unions, Sony Data Breach, Sony Playstation Network Hacked, Credit Union Interchange Fees, Sony Playstation, Business News
Bill Cheney

When all is said and done, credit unions and banks will have spent millions on what appears to be a major security failure caused by Sony's inability to protect its consumer data.

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That Old 'Which Side Are You On?' Thing

Mike Lux | Posted 06.20.2011

Read More: Durbin Amendment, Middle Class, Interchange Fees, Swipe Fees, Medicaid, Jon Tester, Progressive Movement, Medicare, Republican Party, Paul Ryan Budget, Election 2012, Politics News
Mike Lux

Because Republicans want to destroy -- just utterly destroy -- unions, Medicare and Medicaid, the progressive movement and vast majority of the Democratic Party are on the same side. And it is a great feeling.

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Wall Street Banks: Making Enemies Everywhere

Mike Lux | Posted 05.29.2011

Read More: Interchange Fees, Durbin Amendment, American Family Voices, Big Banks, Wall Street, Financial Reform, Business News
Mike Lux

In a post a few days back, I observed that the big Wall Street banks were in for a fall because they had become so arrogant in their power and wealth....

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Wells Fargo Halts Enrollment In Debit Rewards

AP | The Associated Press | Posted 05.28.2011

Read More: Interchange Fees, Debit Cards Rewards Program, Swipe Fees, San Francico, Debit Rewards, Wells Fargo, Business News

Another bank is ending its debit rewards program. Wells Fargo says it will stop enrolling new customers in its debit card rewards program as of April ...

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JPMorgan Considers Spending Limit On Debit Cards

CNN | Blake Ellis | Posted 05.25.2011

Read More: JPMorgan Chase, Wells Fargo, Jpmorgan, Spending Limits, Bank of America, Interchange Fees, Swipe Fees, Credit Cards, Debit Cards, Business News

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 kn...

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Bankers' Holiday

Mike Lux | Posted 05.25.2011

Read More: Interchange Fees, Small Business, Wisconsin, Populism, Republican Party, Big Banks, Durbin Amendment, Business News
Mike Lux

The ideologues who want no check whatsoever on the power of big business have declared war on the middle class. But these attacks on the things we hold dear are putting the "movement" back in the labor movement.

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Debit Card "Swipe" Fees: Will Low-Income Consumers Be Protected?

Preeti Vissa | Posted 05.25.2011

Read More: Latinos, Banking, Interchange Fees, Native Americans, Federal Reserve, Swipe Fees, Debit Cards, African Americans, Business News
Preeti Vissa

A rule change being considered by the Federal Reserve Board could have a big effect on banking services -- and on whether low-income Americans are able to access those services.

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New Interchange Rules for Debit Cards: A Perceived 'Win' Is Really a Loss

Bill Cheney | Posted 05.25.2011

Read More: Interchange Fees, Bill-Cheney, Credit-Union-National-Association, Business News
Bill Cheney

The coming changes to the debit card interchange rules, esoteric though they may be, are going to have real and negative consequences that will unfortunately hit consumers directly in the pocketbook.

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Why You Should Care About Hidden Interchange Fees in 2011

Patrice Peyret | Posted 05.25.2011

Read More: Interchange Fees, Mastercard, Banks, Credit Cards, Visa, Debit Cards, Business News
Patrice Peyret

The proposed cap is not a good first step. It will surely ignite an endless debate by less-than-candid incumbents about why the chosen number is wrong.

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New Debit Fee Cap Could Mean Higher Prices For Consumers

AP | By EILEEN AJ CONNELLY | Posted 05.25.2011

Read More: Federal Reserve, Interchange Fees, Merchant Interchange Fees, Free Checking, Fed Debit Card Fees, Banking Fees, Debit Card Fees, Business News

NEW YORK — A proposed cap on the fees that banks charge for debit card transactions would substantially reduce the cost for businesses. But it's...

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New Senate Rules Hit Card 'Interchange Fees' - And Shopping Could Become Cheaper

AP | By JIM KUHNHENN | Posted 05.25.2011

Read More: Richard Durbin, Interchange Fees, The Financial Fix, Debit Cards, Financial Reform, Credit Card Fees, Business News

WASHINGTON -- Striking at a lucrative bank business, the Senate on Thursday voted to force credit card companies to reduce fees for debit card transac...

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Have You Heard of the Interchange Fee?

Pedro Nava | Posted 05.25.2011

Read More: Citi, Chase, Banks, California Assembly Banking & Finance Committee, Interchange Fees, California Families, Bank Profits, Discover Card, Assemblymember Pedro Nava, Banking Industry, Debit Card Transactions, California, Credit Card Fees, Credit Cards, Assemblymember Nava, Consumers, Credit Card Transactions, House Resolution 2382, Los Angeles News
Pedro Nava

Interchange fees cost Americans $48 billion a year.

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Haiti Credit Card and Bank Donations: Companies Must Use Their Consciences

Rep. Betsy Markey | Posted 05.25.2011

Read More: Betsy Markey Haiti, Haiti Earthquake, Betsy Markey, Bank Fee Haiti Donations, Banks Haiti Donations, Haiti Disaster Relief, JP Morgan Chase, Citigroup, Wells Fargo, Credit Cards, Bank of America, Mastercard, Visa, American Express, Haiti Relief Efforts, Interchange Fees, Bank Bailout, Capitol One, Red Cross, Credit Card Fees Haiti, Credit Card Haiti, Haiti Earthquake News, Wells Fargo Haiti Relief Credit Card, Chase Visa Card, Haiti, Denver News
Rep. Betsy Markey

We await word from Citigroup, JP Morgan Chase, Wells Fargo, and Bank of America. My hope is that they will make sure that every dollar donated to earthquake relief gets directly to the people of Haiti.

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Laura Bassett

Credit Card Companies Waive Fees For Select Haiti Charities

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011

Read More: Online Donations, American Express, Mastercard, Haiti Relief, Haiti Earthquake, Discover, Transaction Fees, Visa, Credit Card Companies, American Red Cross, Interchange Fees, Business News

All four major credit card companies -- Visa, MasterCard, American Express and Discover -- have waived or rebated their processing fees on donations ...

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