The Federal Reserve told Congress this week it will miss the April 21 deadline to decide on the debit card transaction fee limit set to go into effect July 21
Entries Tagged as 'checking accounts'
Federal Reserve Won’t Make Deadline to Decide on Debit Card Transaction Fee Rule
March 31st, 2011 · No Comments · Banking
Tags: big banks·checking accounts·Congress·credit unions·Debit Card·debit card transaction fee·debit card transactions·Debit Cards·Federal Reserve·Feds·online-only banking
5 Ways Banks May Change Debit Card Use
January 6th, 2011 · 2 Comments · Banking, Consumer Info
With banks facing a cap on fees they’re allowed to charge merchants for debit card transactions, look out for these 5 ways they’re hoping to make up for the loss.
Tags: checking accounts·Credit Card Act·debit card fees·debit card rewards programs·debit card transactions·Debit Cards·Dodd-Frank·savings
U.K. to Get Rid of Check Writing by 2018
December 22nd, 2009 · 1 Comment · Banking
Are checks (in British spelling, cheques) going the way of the horse and buggy? On December 16, 2009, the 350th birthday of the check, the Payments Council Board of the United Kingdom agreed to set a target date of October 31, 2018 to close the Central Cheque Clearing. The Payments Council is the organization that [...]
Tags: checking accounts·checks·cheques·Debit Cards·electronic payments·eliminate cheques·Payments Council·PayPal·U.K.
Federal Bank Adds New Regulations on Overdraft Fees
November 18th, 2009 · 1 Comment · Banking
In recent years, most banks started approving, rather than declining, debit and check transactions that exceeded what customers had in their accounts. The banks’ rationale: consumers would rather pay $39-a-pop bounce fees, banks contend, than risk embarrassment at the checkout counter. I don’t know about you, but I would rather have my card declined. We’ve [...]
Tags: ATM card·Banking·checking·checking accounts·Debit Card·Federal Reserve·overdraft fees·overdraft legislation·overdraft protection·recurring debit
