Debit card fees alter the landscape for consumers

09/23/2011 | Star Tribune (Minneapolis-St. Paul, Minn.)

Debit card issuers in the U.S. are testing a variety of changes, including new fees, to recoup revenue they expect to lose because of limits on interchange fees. The growth of debit cards is expected to take a hit because of the changes. "It is a changing landscape for consumers," said Tom Joyce, a spokesman for U.S. Bancorp. Some insiders say that the changes could prompt consumers to shift to credit unions and smaller banks that are not subject to the new restrictions.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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