New Assault Launched On Card Interchange #SwipreFees- Credit Union Journal Daily Briefing Article


WASHINGTON – A Senate subcommittee yesterday endorsed a bill that would cap interchange fees charged to federal government entities for taxes and other services at the lowest market rate, continuing efforts to lower interchange fees charged by credit unions and banks.

The effort comes even as the ink is drying on the Dodd-Frank Financial Reform Bill, which set up the federal government as arbiter of interchange rates on debit card transactions.

READ ARTICLE via New Assault Launched On Card Interchange – Credit Union Journal Daily Briefing Article.

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