Bank of America's recent decision to back down on new checking fees next year is further proof debit card swipe fee reform has resulted in greater marketplace competition benefitting consumers.

At one store, financial regulation is helping customers in a demonstrable way. Home Depot has lowered the prices of more than 3,000 products after ...

When it's time to pay for small, everyday items, cash is still king. More than three-quarters, or 79 percent, of consumers said they made a cash p...

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...

The lesson here is that there is no free ride, not after years of bad banking practices, lack of regulation and consumer protections, and our own financial excesses.

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.

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...

(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...

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.

It’s not hard to understand why large banks oppose any attempt to overhaul the financial arrangements currently surrounding credit cards and debit c...

As a lobbying group, the largest American banks have been dominant throughout the latest boom-bust-bailout cycle -- capturing the hearts and minds of ...

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

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....

Think of the debit fee as an invisible, federal sales tax on everything you buy with a card -- except that you never got to vote on it and may not have even known it existed before it came up in the debate over bank reform.

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.

Banks all over the country have already started adding new fees to services that most of us have long taken for granted as free. Their first target? Debit cards.

When rallying for financial reform, we have to remember that every action has an equal and opposite reaction when you start threatening the profits of competitive industries.

Visa, MasterCard and the big banks that took taxpayer bailouts have spent over $50 million in lobbying fees this Congress in a last-ditch effort to st...