Sentence examples for debit fees from inspiring English sources

Similarly, independent business owners testified before Congress that debit fees had sharply raised their costs.

The banks and retailers are sparring over whether lower debit fees for retailers benefit consumers.

Small banks and credit unions say they depend on debit fees to allow them to offer other services, like free checking.

Consumer groups and retailers have generally supported the limit on debit fees and opposed the move to delay the new rules.

Home Depot executives, for example, told financial analysts on a conference call this year that a cap on debit fees could save the company $35 million a year.

The Consumer Federation of America said it also opposed a delay, because high debit fees were passed along to all consumers through higher costs of goods and services.

The Federal Reserve did its own study of the debit fee market in preparing its proposal.

The vote also provided a victory for Senator Durbin, who managed to keep his debit-fee measure intact despite a switch by 12 senators from supporting him last year to now voting to delay the debit fee caps.

The revenue the bank expected to raise from the debit fee was not worth the damage to its reputation, the person briefed on the matter said.

Bank of America's debit fee is steeper than most of its competitors', reflecting the broader challenges the bank is facing after the financial crisis.

All along, though, Bank of America took the brunt of the criticism, and apparently, it was not just the debit fee that caused consumers to lash out.