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News
Trump renews his calls to cap credit card fees
3+ day, 13+ hour ago (233+ words) President Donald Trump at the inaugural Republican midterm convention in Dallas revived his push to cap credit card swipe fees in a nearly two-hour address that also promised Americans a $5,000 payday if the GOP stayed in power. Wednesday's comments mark…...
Cash now, but at what cost? Woman charged $400 to cash a check - AOL
1+ mon, 1+ week ago (488+ words) Check-cashing stores promise money in minutes, but the convenience can come at a steep cost. Barb Rampello learned that firsthand when she needed cash fast for a down payment on a new apartment. "I had to get a deposit and…...
Cash, Checks, and the Quiet Erosion of Financial Freedom
1+ mon, 1+ week ago (804+ words) B. Waine Kong, Ph.D., JD There is an old saying that money talks. But increasingly in America, the kind of money you carry determines whether anyone is willing to listen. Walk into a growing number of restaurants, parking garages, event venues,…...
A Bank Teller Insisted Generic Checks Cost $5 Each—Until He Showed Her the Rules
1+ mon, 1+ week ago (331+ words) Some banks have rules and regulations that are just DUMB. And, on top of that, some of these policies are sure to drive customers away! So, what’s the point of that? That’s a good question… But maybe next time you…...
Cash is king (but is it?)
3+ mon, 6+ day ago (19+ words) Money market funds offer stability, but after tax and inflation, long-term returns may barely preserve investors’ purchasing power....
Fed issues biennial report on debit card transactions in 2023
7+ mon, 2+ week ago (312+ words) Recently, the Fed released its eighth biennial report on debit card transactions, providing an in-depth look at industry trends for 2023, pursuant to Section 920 of the EFTA. The report stated that payment card networks processed 100.7 billion debit and prepaid card transactions…...
Fed report stirs debit fee debate
8+ mon, 3+ week ago (881+ words) The Federal Reserve on Friday issued a report detailing data on debit card transactions, including fees imposed on merchants by bank card issuers and card networks when consumers swipe the cards to pay for a purchase. Interchange fees charged across…...
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
8+ mon, 3+ week ago (148+ words) An official website of the United States Government Official websites use.gov Secure.gov websites use HTTPS Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card…...
Fed announces expanded operating days for Fedwire Funds Service and National Settlement Service
10+ mon, 3+ week ago (321+ words) On October 3, the Fed issued a notice to be published in the Federal Register that the Fedwire Funds Service (Fedwire) and National Settlement Service (NSS) will expand their operating days to include Sundays and weekday holidays. Under the new schedule,…...
Fed to boost payments services’ days of operation
10+ mon, 4+ week ago (625+ words) The Federal Reserve plans to make the Fedwire Funds Service and the National Settlement Service payments systems available for operations on Sundays and some holidays, but not anytime soon. The central bank expects the expanded days to take effect “in…...