The Federal Reserve was only authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act to set a cap that covers issuers’ incremental costs, with lawmakers specifying that “other ...

In an ongoing effort to change consumers' spending patterns, banks are trying to steer consumers toward using their Visa or MasterCard debit cards like a credit card, instead of like an ATM card. To ...

Debit cards pull funds directly from your bank account when making purchases or withdrawing cash. Setting up a PIN and monitoring account balances via mobile apps helps avoid overspending and fees.

SPRINGFIELD, Mo. (KY3)—The publication Payments Dive reports that 11 states are considering legislation to cap swipe fees for cards. Fees for credit and debit cards are on the mind of our viewer, ...

NEW YORK (AP) - Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus. The about-face comes as customers across ...