Federal Reserve Board Decision Limits Debit Card Transaction Fees, Drawing Criticism From Foodservice Industry

June 30, 2011

The Federal Reserve Board’s decided Wednesday to set debit-card “swipe” or “interchange” fees at a maximum limit of 21 cents per transaction, a higher rate than originally had been anticipated, drawing criticism from foodservice and other trade associations, according to Nation’s Restaurant News. 

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Senate Votes Down Bill To Delay Debit Card Fee Limits

June 9, 2011
A bill that would have delayed the Federal Reserve's proposed caps for debit card interchange fees failed to get the necessary votes in the U.S. Senate, according to www.pymnts...