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How New Debit-Card Fees Affect Swipe Reform and Small Businesses
November 25, 2011
When Bank of America yesterday announced that it would levy a $5 monthly charge on consumers who use their debit cards to make purchases, small-business owners and merchant groups collectively shuddered.
The battle they won last year through the passage of the Dodd-Frank financial-overhaul law -- which, among other things, called for the Federal Reserve to rein in debit-card interchange fees, the swipe fees merchant pay banks for debit card purchases -- may be lost after all.
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Banks Charging Small Businesses for Deposits
November 22, 2011
Bank of America was forced by public outrage to retreat from a plan to charge people $5 a month to u...
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Worker Reclassification Could Lead to Tax Breaks
September 26, 2011
"Businesses that have been improperly labeling their employees as independent contractors got a...
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More Lending, but Not to Small Businesses
August 25, 2011
From The New York Times: The Federal Deposit Insurance Corporation reported a modest bit of goo...
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Big Banks Shrinking as S.B.A. Lenders
August 25, 2011
The Small Business Administration's guaranteed business loan program is back. Nudged by stimulus pro...
