I heard about this, but would certainly appreciate a link.
“I heard about this, but would certainly appreciate a link.”
Here’s a June 29th article from the NYT(not my favorite paper)http://www.nytimes.com/2011/06/30/business/30debit.html?_r=1&
The cap was mandated last year in the Dodd-Frank financial regulation law, but the Fed action was far less draconian than bankers had feared. The new cap of 21 to 24 cents a transaction, down from an average of 44 cents before the law passed, is roughly double the 12 cents tentatively proposed by the Fed last December.