The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose an official review of these fees, charged to retailers by banks every time someone makes a debit card transaction. And...
The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting scheduled for Oct. 25 with one topic on the agenda: “Proposed revisions to the Board’s debit interchange fee cap.” Hours...
The U.S. Supreme Court has reportedly agreed to hear an appeal from a convenience store regarding the timeliness of its lawsuit challenging a Federal Reserve regulation on debit card swipe fees. The lawsuit filed by Corner Post, a convenience store located in North Dakota, challenges...
January 24, 2024
The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more months. The Federal Reserve said in a statement Monday (Jan. 22) that it would delay the deadline for comments on the controversial proposal to lower maximum interchange fees on debit card […]
October 25, 2023
The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose an official review of these fees, charged to retailers by banks every time someone makes a debit card transaction. And this review, bringing the specter of the first fee reduction […]
September 29, 2023
The U.S. Supreme Court has reportedly agreed to hear an appeal from a convenience store regarding the timeliness of its lawsuit challenging a Federal Reserve regulation on debit card swipe...
