Berkeley Chamber of Commerce News

Debit fee cuts to cost banks $9.4 billion

Posted by Berkeley Chamber of Commerce on July 6, 2011 in Money & Finance
Comments Off on Debit fee cuts to cost banks $9.4 billion

The crackdown on the financial industry’s debit card swipe fees will cost large banks about $9.4 billion in annual revenues, the website CardHub.com estimated on Thursday.

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Debit fee cuts to cost banks $9.4 billion