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Entries Tagged as 'Banking Industry'

Caving to Banks, Fed Sets Debit Fee Limit at 21 Cents

June 30th, 2011 · No Comments · Debit Cards

Instead of the 12-cent cap on fees that would benefit merchants and, in turn, consumers the most, the Fed has decided on a 21-cent cap instead.

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Banks to Issue New Checking, Credit Card Fees

January 4th, 2010 · No Comments · Banking, Consumer Info, Credit Cards

We’ve already seen banks rush to slip in as many money-making fees and raise interest rates as much as possible before the new credit card legislation kicks in in February. For months, banking experts having been spouting predictions on how badly the banks are going to start sticking it to us. Now the banks’ sinister [...]

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Overdraft Fee Legislation Gaining Momentum

October 21st, 2009 · 8 Comments · Banking

Sen. Chris Dodd’s battle against banking overdraft fees continues. He introduced a bill on October 19, covering ATM and debit-card transactions as well as checks. Several other Senators are on board with the reform, as the bill is co-sponsored by Senator Charles Schumer D-NY, Sen. Jack Reed D-RI,who is chairman of the Senate Banking Subcommittee [...]

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