Friday, December 17, 2010

Proposed Rule Would Cap Debit Interchange

The banking world is understandably upset about this rule, as it will cost them billions in fees. If that's the case, it's a good bet they will try to make up the lost income in other areas. Will we see the end of free checking? Could ATM fees possibly go higher? And with retailers paying less in interchange fees, will they pass on the savings to consumers or simply take more profit?

Proposed Rule Would Cap Debit Interchange

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