The Banks Who Cried Wolf: Latest Bank Fee Survey Shows Consumer Fees Not Related to Swipe Fees
MPC press release via Pymnts.com Contrary to the litany of industry arguments, the monthly service fees banks charge consumers are in fact not related to debit swipe fees, said the Merchants Payments Coalition (MPC) today after analyzing new data released by moneyrates.com and Bankrate.com. Since the passage of the Durbin Amendment, the nation’s banking and credit card industries have contended [...]

