Durbin Cedes Ground on Debit-Card #SwipeFees Limits as Support Erodes – BusinessWeek

During an April 28 hearing on a separate interchange bill, Waters said the fees are boosting profits for the biggest lenders while hurting merchants. “The banks are doing everything they can to reap fees from debit-card purchases,” she said. The competition between Visa and MasterCard “has become more about pleasing the banks that actually issue the cards rather than the consumers who use them.”

READ ARTICLE via Durbin Cedes Ground on Debit-Card Fee Limits as Support Erodes – BusinessWeek.


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