Fed Could Cut Signature Debit Interchange up to 60%, Goldman Clients Say (via Digital Transactions)


“Financial-industry clients of Goldman Sachs & Co. are bracing for cuts of 40% to 60% in signature debit card interchange rates when the Federal Reserve Board releases its draft regulations for the controversial fee, possibly as soon as Thursday. Many of the investment-banking firm’s clients also expect the Fed to take an expansive view of a new law’s ban on exclusive agreements between debit card issuers and payment networks”

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