The battle boils down to an item in the Dodd-Frank Wall Street Reform and Consumer Protection Act passed by Congress last year. That item is an amendment that would limit the amount retailers have to pay to banks when customers use debit cards. The retailers say the financial institutions are dipping into their already-thin profit margins. Bankers see it differently.
Grocers Battle Banks Over Debit Card Fees – HispanicBusiness.com #SwipeFees