The U.S . Senate voted yesterday to end the banking industry's rally to block caps on debit car swipe fees yesterday. Greg McBride at Bankrate.com explains.
The U.S. Senate has rejected a plan, backed by banks, for a six-month delay in the implementation of a cap on debit card swipe fees. Karen Petrou with Federal Financial Analytics explains.
In the D.C. battle between banks and retailers over swipe fees, both sides of the issue say they're on the side of consumers, but in reality, it's all about revenue.
The International Monetary Fund has agreed to help Egypt pay down its deficit in the wake of the pro-democracy movement — but the new government will also use the money to boost social spending.