“In court documents, TCF Bank has warned that it would suffer ‘massive dislocation’ and ‘a huge loss in revenue’ if the Fed proceeds with plans to limit debit-card fees. But [CEO Bill] Cooper is no longer fighting this battle alone. After media reports emerged that banks were hiking other fees to recoup lost income, a number of congressional Republicans and Democrats have begun discussing alternatives to the Fed proposal, banking industry lobbyists say.”
More Updates
New Study Shows LMI Households Rely on Credit Card Rewards
Electronic Payments Coalition
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Press Releases / Statements
Consumers should ready themselves for looming debit-card change
Uncategorized
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Op-Ed
Debit card price controls may help businesses, but hurt consumers
The Hill
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Op-Ed
At Banks, New Fees Replacing Old Levies
Wall Street Journal
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General