Tag Archives: National Retail FRederation

Retailers win big as court declares 21-cent swipe fee cap too high

July 31, 2013

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The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court ruled Wednesday. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and […]

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