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Swipe Fees

After Fee Announcements, Banks Offer Best Customers Cheap Cash

The Huffington Post | Jillian Berman | Posted 12.12.2011 | Business

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...

Ryan Grim

Movement To Abandon Bank Of America Picks Up Key Backer | Ryan Grim | Posted 12.06.2011 | Politics

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...

Ryan Grim

Dems On Offense Against Bank Of America For Debit Fee | Ryan Grim | Posted 11.30.2011 | Politics

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...

Low On Cash? Stay Away From These Five Cities

The Huffington Post | Jillian Berman | Posted 11.27.2011 | Business

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...

The Debit Is in the Details

Len Hollie | Posted 11.06.2011 | New York
Len Hollie

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.

How Swipe Fees Affect Customers

Daily Finance | Regina Lewis | Posted 09.12.2011 | Business

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 ...

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

DailyFinance | Regina Lewis | Posted 09.12.2011 | Business

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...

Zach Carter

Swipe Fee Shocker: Fed Caves To Wall Street | Zach Carter | Posted 08.29.2011 | Business

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

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

Posted 08.29.2011 | Business

(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...

Simon Johnson: The Big Banks Fight On

The New York Times | SIMON JOHNSON | Posted 08.15.2011 | Business

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...

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

Rick Horowitz | Posted 08.09.2011 | Comedy
Rick Horowitz

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...

Ryan Grim

Banks Lose: Merchants Prevail In Swipe Fee Fight | Ryan Grim | Posted 08.08.2011 | Politics

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...

Elise Foley

Jon Tester Faces Opposition From Montana Voters On Swipe Fees | Elise Foley | Posted 08.08.2011 | Politics

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...

Ryan Grim

Swipe Fee Showdown In Senate [UPDATED] | Ryan Grim | Posted 08.08.2011 | Politics

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...

Ryan Grim

Key Senate Vote To Test Wall Street Power | Ryan Grim | Posted 08.07.2011 | Politics

WASHINGTON -- The debit card battle that has engulfed lobbyists and lawmakers in the nation's capital all year will come to a head on Wednesday, with ...

Against Their Own Interests

Mike Lux | Posted 08.03.2011 | Business
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.

Zach Carter

Tester Backpedals On Swipe Fees | Zach Carter | Posted 07.19.2011 | Politics

WASHINGTON -- On Wednesday, Sen. Jon Tester (D-Mont.) softened his call for a two-year delay of the regulatory crackdown on debit card swipe fees. In ...

Zach Carter

Bair Cries Foul At Bernanke Over Swipe Fees | Zach Carter | Posted 07.12.2011 | Politics

WASHINGTON -- The Federal Reserve chairman and Federal Deposit Insurance Corporation chairwoman insisted Thursday that regulating the fees banks can c...

The Big Retailers Versus the Big Banks: It Makes a Big Difference

Dean Baker | Posted 07.09.2011 | Business
Dean Baker

In the battle of the swipe fees, Wal-Mart is on the side of the angels, not because it is altruistic, but because it hopes to increase profits. If we're going to design policy that has a chance, we should get used to seeing some of the bad guys in our camp.

Democrats and Wall Street

Mike Lux | Posted 07.06.2011 | Politics
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.

Ryan Grim

Dem Group Targets DNC Chair For Wall Street Ties | Ryan Grim | Posted 07.05.2011 | Politics

WASHINGTON -- The escalating lobbying blitz surrounding debit card swipe fees has now pitted a prominent Democratic messaging organization against the...

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

Bryce Covert | Posted 07.04.2011 | Business
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.

Zach Carter

Banks, Merchants And Why Washington Doesn't Work For You | Zach Carter | Posted 07.11.2013 | Politics

WASHINGTON -- Charlie Chung runs Cups & Co., a coffee and sandwich shop in the basement of the Russell Senate Office Building. Known on Capitol Hill s...

That Old 'Which Side Are You On?' Thing

Mike Lux | Posted 06.20.2011 | Politics
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.

Rep. Barney Frank Pledges To Revise Dodd-Frank's 'Swipe Fee' Provision

The Huffington Post | Lila Shapiro | Posted 06.06.2011 | Business

The banking industry breathed a sigh of relief when the implementation of a key provision of the Dodd-Frank financial reform package was delayed. ...