Banks, merchants debate debit card fee reduction | Reuters


While large banks are primarily targeted by the rules, they have kept a fairly low profile on the public debate, leaving the credit card companies and smaller banks to do the day-to-day lobbying, despite the small-bank exemption.

That was supposed to change on Tuesday with a planned appearance by Pamela Joseph, who runs US Bancorp’s payments unit. She would have been one of the first executives from a top U.S. bank to debate the debit card fee caps in Washington.

via Banks, merchants debate debit card fee reduction | Reuters.

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