Factchecking Banks’ Dubious Claims on Interchange Fees – ProPublica


The Fed has proposed capping debit interchange fees at 12 cents per transaction for banks with more than $10 billion in assets. The plan has riled the banking industry—including the community banks and credit unions exempt from the cap—which has continued to push [8] for the rule to be delayed.

via Factchecking Banks’ Dubious Claims on Interchange Fees – ProPublica.

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