Americans Reject Consumer Debit Amendment

Visa recently conducted a survey that looked at how consumers felt about a new amendment in Wall Street reform that would allow some of the fees associated with processing debit cards to be passed from retailers to consumers.

According to the survey, an overwhelming 83 percent of respondents were opposed to the amendment’s requirement that debit cardholders would likely pay fees for owning and using their debit cards if the government was to establish the prices retailers pay for accepting the cards. Because of the strong opposition, it is likely that the amendment will not make it into the final version of the bill. (Market Watch)

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