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Mike Brownfield The Morning Bell Heritage.org 10/3/2011 Use a debit card? Now it’s really going to cost you. Bank of America announced last week that it will begin charging customers $5 per month for use of their debit cards. But if you’re looking for someone to blame, set your sights on Washington. Bank of America […] October 3rd, 2011 | Tags: "Durbin amendment", bank fees, Bank of America, checking accounts, debit cards, Dodd-Frank Wall Street Reform and Consumer Protection Act, JPMorgan Chase, Sen. Dick Durbin, Wells Fargo | Category: Banking and finance, Congress, federal regulations, Federal Reserve | Comments are closed
Peter Schroeder The Hill 5/14/2011 New limits on debit card fees have discouraged mobile carriers from competing with Visa and Mastercard, according to a top AT&T executive. The executive told Reuters that AT&T, Verizon Wireless and T-Mobile USA scrapped plans to launch a competing mobile payments processing network due in large part to the so-called […] May 16th, 2011 | Tags: 'transaction fees', "Durbin amendment", "Isis", Dodd-Frank, mobile phones | Category: Banking and finance, Congress, federal regulations | Comments are closed
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