Exact(1)
The Fed wants to slash the fees that merchants pay banks and credit unions when a customer makes a purchase with a debit card.
Similar(7)
In some places, such as America and Britain, new regulations have also slashed the fees banks can charge.
In 1996, President Bill Clinton's re-election committee slashed the fee percentage, and a small group of consultants split $7.1 million on just over $100 million in ads for the campaign and the Democratic Party.
Bristol City Council had originally wanted to charge candidates up to £2,000 to appear in the booklet but it slashed the fee after heavy criticism.
To quell the stampede, the New York Fed slashed the fee bond dealers pay to borrow treasuries to 0.5% from 1.0% during afternoon trading.
To woo more travellers the government recently announced that it will slash the permit fees.
The council has been ordered to slash the license fees it currently charges sex shops after various outlets, led by Simply Pleasures Ltd, brought their case to the appeal court.
The decision gives new heft to the country's telecom regulator as it begins to slash the high interconnection fees that América Móvil charges other companies.
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