Federal Reserve allowed debit-card fees nearly twice as large as first proposed, angering retailers but still not satisfying banks The conflict between retailers and banks on debit card swipe fees is not done yet as the Federal Reserve’s issuance of its final rule on the matter June 29 left unhappiness on both sides. Marranca “This is devastating,” Brian Dodge, senior vice president of communications at the Retail Industry Leaders Association, told CEO Update the day after the ruling. “Clearly the Fed has been co-opted by the banks and the biggest losers are merchants and consumers who now won’t realize the relief that was intended by the reforms passed a… Read More