S.575 - Debit Interchange Fee Study Act of 2011

A bill to study the market and appropriate regulatory structure for electronic debit card transactions, and for other purposes. view all titles (2)

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Short: Debit Interchange Fee Study Act of 2011 as introduced.
Official: A bill to study the market and appropriate regulatory structure for electronic debit card transactions, and for other purposes. as introduced.

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ShyanneT 06/21/2011 5:12am

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Government officials, stores and financial institutions are having a huge row over interchange fees on debit and charge cards. Banks charge merchants an interchange fee to wire them the money a consumer agreed to pay using a card. Companies are starting to rebel, because many are tiring of having to pay financial institutions to get money they’re owed. Here is the proof: Merchants moving away from debit and credit cards