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Debit Card Usage (
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by Bill Hardekopf On June 29th, the Federal Reserve was scheduled to vote on the final plan to cap the interchange fees charged by banks on debit card transactions. Currently, retailers pay banks an average of $0.44 every time a consumer makes a debit...
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by Bill Hardekopf Last December, the Federal Reserve proposed to cap debit card swipe fees at 12 cents per transaction, a surprisingly sharp decrease from the current fee that averages between 1% and 2% of a transaction. Merchants fought hard for this...
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courtesy of A New Horizon Credit Counseling Services Fort Lauderdale, Fla . Consumers are increasingly using debit cards to make purchases, and criminals have taken notice. Credit card scammers have entered the realm of the debit card, and incidences...
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by Bill Hardekopf The Federal Reserve reported on Friday that consumer borrowing increased in January for the first time in a year. The increase alone was significant, but the news was even more surprising since it occurred despite another drop in credit...
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