“We are increasingly convinced that credit interchange will inevitably be the next target,” he wrote. “The now- significant disparity in payments’ costs greatly increase the risk.”
The Fed proposals were prompted by the Dodd-Frank regulatory-overhaul legislation, which President Barack Obama signed in July. The measure calls for the Fed to set interchange fees that are “reasonable and proportional” to the cost of processing debit transactions.
AmEx Falls as Credit-Card Fees May Be ‘Next Target’ – Bloomberg