Relevant:
- With income from debit card fees falling, banks likely to raise other charges
- Factchecking Banks’ Dubious Claims on Interchange Fees
- "Get the Heck out of Bank of America" says Senator Richard Durbin, on Senate Floor; Rep Brad Miller Accuses Banks of "Vulgar Profits"
- Bank customers say farewell to debit card rewards
- Banking Groups Stir Consumer Fears on Debit Card Regulations via Twitter
2011-04-14 — chicagobreakingbusiness.com
""There is no need for you to threaten your customers with higher fees when you and your bank are already making money hand-over-fist," Durbin wrote to Dimon about the threat of higher debit card fees. "And there is no need to make such threats in response to reform that simply tries to spare consumers from bearing the cost of interchange fees that are anticompetitive and unreasonably high.""
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