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Federal Reserve Proposes Lower Cap on Debit Card Swipe Fees

Federal Reserve Proposes Lower Cap on Debit Card Swipe Fees

by Jacob Musselman | Nov 7, 2023 | Industry News

The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than banks’ costs to process...

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