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More on the expected new debit-card processing rule: Regions Financial (RF) faces the biggest...

More on the expected new debit-card processing rule: Regions Financial (RF) faces the biggest (4%) hit as a percentage of earnings. Other banks seeing revenue losses: JPM, WFC, HBAN, MTB, STI.
Comments (3)
  • acesfull
    , contributor
    Comments (349) | Send Message
     
    Yea but I saw on TV yesterday that these credit card companies are looking at charging a swipe fee on regular credit card transactions. Anywhere from one to three per cent. That will take care of there debit card losses. The consumer loses again.
    11 Jul 2012, 08:07 AM Reply Like
  • CassandraSees
    , contributor
    Comments (347) | Send Message
     
    Hmmm? Time to go back to saving and paying in cash? OMG!! What a radical primitive idea!
    11 Jul 2012, 11:08 AM Reply Like
  • green_valley
    , contributor
    Comments (43) | Send Message
     
    That only if they let you go back. BofA makes debit cards mandatory on several of my accounts. Only alternative is to shift to another bank or credit union. Some merchants will not accept personal checks, like Lowes.
    12 Jul 2012, 09:19 AM Reply Like
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