“It appears that banks are seeking to justify fee increases after Congress and the Federal Reserve Board recently limited banks’ ability to collude with networks to set debit interchange fees,” the letter said. “Statements made by individual banks and their trade associations raise questions about whether some price increases that have occurred this year have actually been coordinated.”
via Vermont Congressman Says New Debit Card Fees Warrant Investigation – WBOY-TV – WBOY.com.
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