July 31, 2013 Comments Off on U.S. judge strikes Fed’s cap on debit ‘swipe’ fees
WASHINGTON — A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases, saying the Federal Reserve didn’t have the authority to set the limit in 2011. ...
Tagged with: Banks credit card debit card Economy federal reserve Fees Law legal news U.S. District Court united states
Read More »November 7, 2011 Comments Off on Judge OKs $410M settlement for Bank of America
MIAMI — A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Senior U.S. District ...
Tagged with: attorney's fees Bank of America consumer debit card Fees lawsuit Settlement
Read More »November 7, 2011 Comments Off on Judge mulling $410M Bank of America overdraft settlement
MIAMI — A federal judge was asked Monday to give final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Attorneys ...
Tagged with: Bank of America customers debit card Fees lawsuit U.S. District Court
Read More »September 30, 2011 1 Comment
NEW YORK — Bank of America’s homepage and online banking service were experiencing problems Friday, a day after the company said it would start charging a $5 monthly fee for customers who make debit card purchases. A message on the ...
Tagged with: atm Bank of America Banks customers debit card text message website
Read More »September 30, 2011 2 Comments
NEW YORK — Bank of America’s homepage and online banking service were still experiencing problems Friday afternoon, after the bank said a slowdown and other issues had been fully resolved. A message on the homepage said that page was temporarily unavailable, ...
Tagged with: atm Bank of America Banking Banks debit card new york
Read More »September 29, 2011 1 Comment
NEW YORK — Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases. The fee will be rolled out starting early next year. A number of banks have already either ...
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Read More »August 17, 2011 Comments Off on Wells Fargo will test $3 debit card fees in 5 states
NEW YORK — Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall. The San Francisco-based bank said the fee will be applied to checking accounts opened in five states starting in October. The ...
Tagged with: bank Banks chase credit card debit card Fees wachovia wells fargo
Read More »June 8, 2011 1 Comment
WASHINGTON — Consumers are caught in the middle of a fight between financial institutions and merchants as the Senate approaches a showdown vote over whether to block the Federal Reserve from capping fees that stores pay banks every time a ...
Tagged with: campaign contributions consumers credit card debit card fed federal reserve lawmakers merchants senate u.s senate
Read More »December 20, 2010 Comments Off on Council audits thousands charged by Maryland mayor
BRENTWOOD — Council members in a Maryland town are investigating debit card charges made by the mayor and treasurer of Brentwood. Councilwoman Marlene Robinson says more than 50 “questionable” charges have been made since January without notifying the council. Robinson ...
Tagged with: charges credit card debit card maryland mayor treasurer
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