Cash or credit? Financial regulations bill could affect debit card fees
Retailers are currently charged when they swipe a card, and for small purchases the swipe fee can be more than the profit. Yesterday’s amendment to the financial regulation bill says the credit card companies can’t prevent retailers from changing the price depending on whether the customer is using a card or paying cash. Ultimately, this could lead to fee regulations by the federal government. Takeaway Washington correspondent, Todd Zwillich explains.
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