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These executives are back to many of their old tricks, including charging big overdraft loan fees for small debits, implementing unfair credit card practices, dealing in opaque, high-risk derivatives and filling their consumer contracts with confusing fine print.
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Take away travel and accommodation and you'd be lucky to be left with a small debit.
Without the rule, Visa contends, banks could abandon Visa and leave smaller debit card issuers with an unfair share of the burden for paying the $2 billion.
Therefore, consistency concerning the terms disk protrusion and extrusion was too small to compare DEBIT-nomenclature with Hansen's nomenclature.
Big banks could try to bully Visa and MasterCard into lowering the fees that small banks earn from debit cards.
When the subscription option is introduced users will most likely have to supply their credit card details once, and then will be debited for small payments as they select programmes.
While the fee for each purchase is small, combined credit and debit card payments at merchants have almost tripled over the last decade, to more than 58 billion swipes last year from about 20.7 billion in 1999, according to data compiled by the Nilson Report, a journal on the payment industry.
These may seem like small potatoes compared to debit and credit cards, but they may permit access to personal information that you don't want in someone else's hands.
But if the big banker earns less money after buying the small banker thanks to the debit fee cap, that means that small bankers can't sell for the same multiples as they used to.
Customers pay for small items by holding their debit or credit card to a reader without entering a Pin code.
Today BofA earns the most per quarter and is first in deposits, credit and debit card transactions, small business banking, Internet banking and, with the recent acquisition of US Trust from Charles Schwab, private banking as well.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com