FMI SEEKS GOVERNMENT ACTION ON TRANSACTION FEES last week urged Congress to investigate ways to curb the increasing transaction fees for credit and debit card use. In testimony before the House Subcommittee on Financial Institutions and Consumer Credit, FMI noted that PIN debit fees have increased 267% since 1999, and there have been 11 credit/debit fee increases in the past 12 months, with more expected this year. "The cost of electronic payments is one of the fastest-growing and ...
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