| Autor: |
Mui, Ylan Q., Podkul, Cezary |
| Předmět: |
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| Zdroj: |
Fort Worth Business Press. 6/13/2011, Vol. 23 Issue 24, p28-28. 2/3p. |
| Abstrakt: |
The article discusses U.S. Senator Jon Tester's bill to delay and rewrite the Dodd-Frank law to preserve banks' billions of dollars in debit card fees which failed to win enough votes in the U.S. Congress on June 8, 2011. It explains that the bill was the banks' last hope before the law takes effect in July 2011, noting that the law reduces by 70% the interchange fees merchants must pay to banks each time a debit card is swiped. It talks about the law's benefit to merchants and consumers, and banks' argument that the fees help prevent debit card fraud. |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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