We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Swiped

1 November 2011 By Antony Currie

Like rivals, the bank is scrapping plans to charge customers using debit cards. That may seem a win for consumers. But banks will find other, less transparent ways to make up for $8 bln in lost fees. The upshot of Durbin’s bill: consumers get fleeced by both banks and retailers.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)