Urban Culture News

nightline: What made Visa’s stock do this this afternoon? The Federal Reserve decided this afternoon not to cap “swipe fees”—the fees banks charge retailers when customers use debit cards—at 12 cents, as initially proposed, but at 21 cents.  How does it affect you? That depends on how banks make up for those lost fees—and how retailers respond. More here reblog by: www.urbanculturemagazine.org

nightline:

What made Visa’s stock do this this afternoon?

The Federal Reserve decided this afternoon not to cap “swipe fees”—the fees banks charge retailers when customers use debit cards—at 12 cents, as initially proposed, but at 21 cents. 

How does it affect you? That depends on how banks make up for those lost fees—and how retailers respond. More here

reblog by: www.urbanculturemagazine.org

  1. trxfreely reblogged this from nightline and added:
    love the free markets
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    What made Visa’s stock do this this afternoon? The Federal Reserve decided this afternoon not to cap “swipe fees”—the...
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    reblog by: www.urbanculturemagazine.org
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  14. bitterlee reblogged this from nightline and added:
    Well…I guess this is better than 44 cents per swipe. :/
  15. This was featured in #News
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