Banks Warn Free Accounts at Risk in Fed’s Debit Swipe Fee Plan

Banks Warn Free Accounts at Risk in Fed’s Debit Swipe Fee Plan

Banks Warn Free Accounts at Risk in Fed’s Debit Swipe Fee Plan

Posted by on 2024-05-14

Efforts to bring more low- to moderate-income people into the banking system are at risk under the Federal Reserve’s plan to reduce caps on debit card interchange fees, banks and a prominent civil rights advocate say.