Fed's New Swipe at Debit Fees Stirs Up Dilemma for Banks

Financial services trade associations and other stakeholders are lining up and taking sides on the Federal Reserve Board of Governors' proposed rule changes that would reduce the cap on debit card interchange fees charged or received by card issuers and payment networks. Kristen Larson, writing for Law360, examines the history of the issue and potential negative effects on financial services companies and consumers.

Read the full article here.