Debit Interchange Fees Capped at 21 Cents-Plus

The Federal Reserve said the final rule for implementing debit-card interchange fees would cap those fees at 21 cents per transaction plus 0.05% of the transaction amount — nearly double the rate that the Fed had previously proposed.

WASHINGTON — The Federal Reserve on Wednesday said the final rule for implementing debit-card interchange fees would cap those fees at 21 cents per transaction plus 0.05% of the transaction amount — nearly double the rate that the Fed had previously proposed.

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