20120907-Dodd-Frank Says Debit Fees Must Go Down, But Must Checking Fees Go Up?
Many banks claim they’ve needed to increase checking fees to compensate for losses from debit swipe fee restrictions imposed by the Dodd-Frank Act. A study by the Merchants Payments Coalition suggests that’s not the case, and examines what effect – if any – the financial reforms have had on monthly banking fees. PYMNTS.com’s Data Point brings you the numbers. Read More
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