Rein in swipe fees to help consumers, retailers – St. Petersburg Times


Merchants are charged huge fees whenever a purchase with a debit card is made, and they have had to put up with it because until recently there has been little appetite in Congress for reining in abusive credit card company practices. Now limits on these “swipe fees” and other consumer-friendly regulations are part of the Senate-passed financial reform bill. As the bill is reconciled with the House measure, these provisions need to remain in the final version.

via Rein in swipe fees to help consumers, retailers – St. Petersburg Times.

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