Could Retailers Get Repaid for Debit Fee Overcharges?
The judge who rejected the Federal Reserve鈥檚 regulations governing debit fees under the Dodd-Frank Wall Street Reform and Consumer Protection Act gave the Federal Reserve just one more week to come up with a position on interim fee reductions and a timeline for permanently installing new lower fees. He also suggested that retailers should be repaid by financial services companies for millions of dollars in overcharges.
08-16-2013