Swipe Fees

Pain At The Pump? Convenience Stores Blame Credit Card Fees

HuffingtonPost.com | Zach Carter | Posted 04.09.2012

Read More: Gas Prices, Debit Card, Video, Gas Prices Swipe Fees, Wall Street, Economy, Oil Prices, Oil Speculation, Banks, Swipe Fees, Credit Card, Credit Cards, Debit Cards, Politics News

WASHINGTON -- Ten months after the American retailers won a lobbying victory on Capitol Hill against debit card swipe fees, a trade group representing...

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Swipe Fee Fallout Has Small Banks Relishing Rare Advantage Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 03.02.2012

Read More: Durbin, Dodd-Frank, Community Banks, Icba, Wall Street Reform, Repeal, Federal Reserve, Debit Card, Video, Wall Street, Fed, Banks, Swipe Fees, Swiped, Debit Cards, Tester, Politics News

Last year's wild legislative melee over debit card swipe fees featured a curious contradiction: Although big Wall Street banks stood to lose the most ...

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Banks Tap Reliable Money Maker: Credit Cards

HuffingtonPost.com | Catherine New | Posted 01.20.2012

Read More: Debt, Credit Card Balance, Mastercard, Durbin, Profits, Visa, Consumer Credit, Bank of America, Swipe Fees, Credit Cards, Charge Off, Bank Earnings, Big Banks, Debit Cards, Business News

After being rebuffed in its efforts to charge $5 per month for debit card use, Bank of America is gambling on the optimism of American consumers and g...

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Overdraft Fees Reach A New High

HuffingtonPost.com | Catherine New | Posted 01.18.2012

Read More: Debit Card, Checking Account, Bank Fees, Banks Overdraft Fees, Bank of America, Overdraft Fees, Swipe Fees, Citizens Bank, Overdraft Protection, Big Banks, Consumer Protection, Check Bounce, Debit Card Swipe Fees, Bank of America Debit Card Fees, Business News

The cost of not having enough money just got steeper. The median overdraft fee banks charge customers surged to $30 from $27.50 last year, accordi...

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Charge! Hungry For Fees, Banks Aggressively Push Plastic

HuffingtonPost.com | Catherine New | Posted 12.09.2011

Read More: American Express, Mastercard, Loyalty-Reward-Card, Charge Card, Visa, Dodd-Frank, Financial Reform Law, Durbin Amendment, Charging, Plastic, Swipe Fees, Credit Cards, Credit Card Promotions, Debit Cards, Business News

As tighter federal regulations have been placed on debit cards, credit cards have come back with a vengeance. Banks have spent the past year pushing c...

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Bank Of America Taps Unemployment Benefits For Debit Fees

HuffingtonPost.com | Janell Ross | Posted 01.10.2012

Read More: Prepaid Debit Card, Unemployment, Durbin, $5 Fee, Bank of America, Unemployment Benefits, Swipe Fees, Richard Bove, Debit Card Fees, Business News

CORDOVA, S.C.-- Shawana Busby does not seem like the sort of customer who would be at the center of a major bank's business plan. Out of work for much...

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Cashing In On Poverty: Banks Harvest Fees On Unemployment Benefits

HuffingtonPost.com | Janell Ross | Posted 01.01.2012

Read More: Prepaid Debit Cards, Welfare, U.S. Bank, Bank Fees, Bank Fees Unemployment Benefits, Public Assistance, Unemployment Benefits, Swipe Fees, Debit Cards, Business News

Out of work and living on a $189-a-week unemployment check, Rob Linville needs to watch every penny. Lately, he has been watching too many pennies dis...

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Bank Of America Retreating From Debit Card Fee, Reformer Keeps Pressure On

The Huffington Post | Luke Johnson | Posted 12.31.2011

Bank of America is reportedly scaling back its plans to charge a $5 debit card fee to its customers, but Rep. Brad Miller (D-N.C.) is still pushing le...

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Wells Fargo Jacks Fees Despite Record Profit

HuffingtonPost.com | Ryan Grim | Posted 12.19.2011

Read More: Video, Swipe Fees, Durbin Amendment, Wells Fargo, Dick Durbin, Debit Fee, Politics News

Just days after Wells Fargo announced a $4 billion profit over the past three months, Sen. Dick Durbin (D-Ill.) has asked the bank why it feels forced...

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Poll: One-Third Of Customers Would Switch Banks Over Debit Card Fees

The Huffington Post | Jillian Berman | Posted 12.19.2011

Read More: Big Bank News, Business News, Dodd-Frank Act, Swipe Fees, Big Banks, Switching Banks, Debit Card Fees, Bank of America Debit Card Fees, Video, Business News

For many, debit card fees could be enough to push customers to go through the hassle of switching banks. About one-third of consumers say they'd l...

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Dems Call For Wall Street Investigation Over New Debit Card Fees

HuffingtonPost.com | Ryan Grim | Posted 12.13.2011

Read More: Debit Fees, New Debit Fees, Bank of America, Brad Miller Debit Fees, Bank of America Debit Card Fee, New Debit Card Fees, Video, Bank of America Debit Fee, Occupy Wall Street, Brad Miller Debit Card Fees, Pete Welch, Bank of America Debit, Swipe Fees, Debit Card Fees, Brad Miller, Swipe Fee Reform, Politics News

WASHINGTON -- House Democrats responding to the recent announcement of a new Bank of America debit card fee are calling for a Department of Justice in...

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After Fee Announcements, Banks Offer Best Customers Cheap Cash

The Huffington Post | Jillian Berman | Posted 12.12.2011

Read More: JP Morgan Chase, Video, Cheap Cash, Wells Fargo, Business News, Bank of America, Banking News, Swipe Fees, Credit Card Balance Transfer, Big Banks, Debit Card Fees, Citigroup, Business News

As big banks ratchet up fees on once-free checking accounts, they’re looking to entice some of their most credit-worthy customers to take on more de...

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Movement To Abandon Bank Of America Picks Up Key Backer

HuffingtonPost.com | Ryan Grim | Posted 12.06.2011

Read More: Video, Debit Fees, Dick Durbin Swipe Fees, Dick Durbin, Bank of America, Swipe Fees, Bank of America Fee, Brad Miller Bank of America, Brad Miller, Bank of America Debit Card Fee, Politics News

On Sunday night, Rep. Brad Miller, a Democrat from Bank of America's home state of North Carolina, attended a general assembly meeting of Occupy Ralei...

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Dems On Offense Against Bank Of America For Debit Fee

HuffingtonPost.com | Ryan Grim | Posted 11.30.2011

Read More: Debit Card, Video, Dick Durbin, Move Your Money, Bank of America, Swipe Fees, Huffington Post, Bank of America Debit Card, Brad Miller, Politics News

WASHINGTON -- While demonstrators in New York are calling for an occupation of Wall Street, a new push by Democrats in Congress proposes a different t...

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Low On Cash? Stay Away From These Five Cities

The Huffington Post | Jillian Berman | Posted 11.27.2011

Read More: JP Morgan Chase, Video, Banking-News, Cities With Highest Atm Fees, ATM Fees, Business News, Banking News, Swipe Fees, Slidepollajax, Denver, Business News

Note to those low on cash: Stay away from Denver. At $2.75, the mile-high city has the highest average ATM fee of any place in the country, 35 cen...

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The Debit Is in the Details

Len Hollie | Posted 11.06.2011

Read More: JP Morgan Chase, Debt, Payments, Checking Account, Ecommerce, Check Cashing, Debit Cards, Money, Shopping, Economy, Wells Fargo, Prepaid Cards, Employment, Rewards, Federal Reserve, Jobs, National Trend, Retail Stores, Holiday, Credit Cards, Labor Day, Revenue, Spending, Banks, Consumers, Fees, Customers, Cash, Debit Cards Rewards Program, Swipe Fees, New York News

In August, the Federal Reserve imposed a cap on the fees banks can charge retailers every time customers swipe their debit cards. Why is that important? In addition to banks, consumers may be the biggest losers.

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How Swipe Fees Affect Customers

Daily Finance | Regina Lewis | Posted 09.12.2011

Read More: American Express, Retailers, Mastercard, Small Business, Discover, Visa, Daily Finance, Swipe Fees, Consumers, Debit Card Swipe Fee, Credit Cards, Customers, Debit Cards, Credit Card Fees, Business News

Swipe fees are the charges retailers pay when they allow you to use plastic at their store. In reviewing the comments and speaking about the story on ...

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Ask The Expert: Do You Pay Extra To Use Your Card?

DailyFinance | Regina Lewis | Posted 09.12.2011

Read More: Retailers, Shopping, Credit Card Swipe Fees, Business News, Swipe Fees, Consumers, Credit Cards, Debit Cards, Debit Card Swipe Fees, Business News

We got a lot of reaction to the article about how changes in debit and credit card swipe fees may affect you. Swipe fees are the charges retailers pay...

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Swipe Fee Shocker: Fed Caves To Wall Street

HuffingtonPost.com | Zach Carter | Posted 08.29.2011

Read More: Retailers, Walmart, Durbin, Wall Street, Lobbying, Fed, Elections 2012, 112th Congress, Federal Reserve, Banks, Swipe Fees, Debit Cards, Tester, Business News

WASHINGTON -- The Federal Reserve delivered the punchline Wednesday to the year-long joke that has been the lobbying blitz over debit card swipe fees....

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Federal Reserve Poised To Set Higher-Than-Expected Cap On Swipe Fees

Posted 08.29.2011

Read More: Bank Lobbying Swipe Fees, High Swipe Fees, Fed Swipe Fees, Swipe Fees, Durbin Amendment, Federal Reserve Swipe Fees, Financial Reform, Business News

(AP) WASHINGTON — The Federal Reserve said Wednesday that banks can only charge retailers 21 cents each time they swipe a debit card. The board r...

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Simon Johnson: The Big Banks Fight On

The New York Times | SIMON JOHNSON | Posted 08.15.2011

Read More: Daniel K. Tarullo, Capital Standards, Dodd-Frank, Bank Lobby, Banks, Basel III, Federal Reserve, Swipe Fees, Shadow Banking, Simon Johnson, Bank Lobbyists, Debit Card Fees, Business News

The bank lobbyists have a problem. Last week, they lost a major battle on Capitol Hill, when Congress was not persuaded to suspend implementation of t...

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Swipe Fees: Didn't "Swipe" Used to Mean "Steal"?

Rick Horowitz | Posted 08.09.2011

Read More: Retailers, House of Representatives, Bank Fees, Barney Frank, Dick Durbin, Christopher Dodd, Bank Profits, Congress, Dodd-Frank, Big Banks, Oil Company Profits, Big Oil, Banking Regulations, Swipe Fees, Jon Tester, Senate, Credit Card Fees, Comedy News

Burt Bottomline knows banking. And why shouldn't he? Burt Bottomline has been in banking -- Big Banking -- for years. He's one of Big Banking's big...

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Banks Lose: Merchants Prevail In Swipe Fee Fight

HuffingtonPost.com | Ryan Grim | Posted 08.08.2011

Read More: Senate Debit Card Fee Vote, Debit Card Fee Senate Vote, Swipe Fee Vote, Swipe Fee Senate Vote, Swipe Fee, Mark Pryor, Dick Durbin, Bob Corker, Debit Card Fee Vote, Mike Crapo, Swipe Fees, Jon Tester, Kay Hagan, Debit Card Fee, Senate Swipe Fee Vote, Debit Card Fees, 112th Congress, Senate, Politics News

WASHINGTON -- The six-month Senate fight over debit card swipe fees is finally over. The banks lost. An amendment pushed by Sen. Jon Tester (D-Mon...

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Jon Tester Faces Opposition From Montana Voters On Swipe Fees

HuffingtonPost.com | Elise Foley | Posted 08.08.2011

Read More: Richard Durbin, Swipe Fees, Jon Tester Swipe Fees, Jon Tester, Wall Street, Lobbying, Durbin Swipe Fees, Dick Durbin, Politics News

WASHINGTON -- As the Senate prepares to vote Wednesday on Jon Tester's amendment to delay swipe fee reforms, the junior senator from Montana faces div...

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Swipe Fee Showdown In Senate [UPDATED]

HuffingtonPost.com | Ryan Grim | Posted 08.08.2011

Read More: Debit Card Fee Senate Vote, Senate Debit Card Fee Vote, Swipe Fee Vote, Swipe Fee, Swipe Fee Senate Vote, Mark Pryor, Dick Durbin, Bob Corker, Debit Card Fee Vote, Mike Crapo, Swipe Fees, Jon Tester, Senate Swipe Fee Vote, Debit Card Fee, Kay Hagan, Debit Card Fees, Politics News

WASHINGTON -- The hardest fought, most expensive legislative battle of 2011 is coming to a head today in the U.S. Senate. The question: How much s...

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