Obama: Banks Don’t Have ‘Inherent Right’ to ‘Certain Amount of Profit’

Susan Jones CNSnews.com 10/4/2011

President Obama suggested on Monday that the nation’s banks should “take a little bit less of a profit” rather than raise fees on customers.

In an interview with ABC’s George Stephanopoulos, Obama was asked if the government can stop banks from imposing a new debit card fee on their customers.

“Well, […]

Debit card spending limit? Banks consider a $50 cap

Blake Ellis CNN Money 3/10/2011

NEW YORK (CNNMoney) — Declined! Your debit card may soon be denied for purchases greater than $100 — or even as little as $50.

JPMorgan Chase, one of the nation’s largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of […]