WINNERSLOSERSDebit card holders16 of 19Caps on swipe fees may be good for shoppers, but they may curtail debit card rewards in the future. With debit card transactions being less profitable because of the cap, banks will have less money and less incentive to offer benefits to debit cardholders for using their cards.« Back to Financial Regulation. Related Articles:Fed's monetary policy toolboxHelp for mortgage borrowers?Financial meltdown: Credit cardsHow safe is your bank?Related Links:Types of banking institutionsSafe places for cashHow the economy affects youCommon mistakes in a bad economy advertisement
Caps on swipe fees may be good for shoppers, but they may curtail debit card rewards in the future. With debit card transactions being less profitable because of the cap, banks will have less money and less incentive to offer benefits to debit cardholders for using their cards.
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