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Fed Limits Debit Card 'Swipe' Fees
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Fed Limits Debit Card 'Swipe' Fees
After lobbying Congress, banks won a concession on debit card transaction fees paid by merchants, roughly doubling the proposed amount in the 2010 reform laws. Jill Schlesinger advises consumers to watch their statements closely, as banks will try to recoup lost revenue by hiking banking and credit card fees.
Video Length: 121
Date Found: June 30, 2011
Date Produced:
View Count: 0
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