Sentences with phrase «swipe fee cap»

Banks say that they are just looking for ways to boost revenues, thanks to new regulations that limit fees, including a swipe fee cap to take effect in October.

Not exact matches

Separately, the retail industry has taken a hit in the fight over capping debit - card swipe fees.

While the cap resulted in lower swipe fees than merchants had been paying, merchants had been hoping for a much more aggressive restriction.

While some merchants argue the new d ebit swipe fee is still too steep, the cap cuts in half the approximate 44 cents per transaction banks currently charge retailers when a consumer uses a debit card.

It repeals the Volcker Rule, the DOL Fiduciary Rule and the Durbin Amendment — a controversial cap on debit card swipe fees for banks.