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Barney Frank Objects to Fed's 12-Cent Cap on Debit Card Fees
Dodd-Frank co-author says the amount card providers are allowed to charge is too low to cover their costs, and that fees ought to be left to the free market.
Dodd-Frank Whistleblower Provisions Could Hamper Banks' Compliance Efforts, NACD Claims
Rules incent informers to bypass their internal compliance departments and report foul play directly to the SEC, the group says.
Industry Reacts, Need We Say Unfavorably, to Fed's 12-Cent Cap on Debit Fees
The ABA, ICBA, Visa and MasterCard all have strong words for the Federal Reserve's strict limit on debit card interchange fees.
Fed Proposes 12-Cent Cap on Debit Card Fees
Fee limits would cause banks' interchange fee income to drop by 70%, the Fed estimates.
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