North Dakota Truck Stop Argues in Federal Court for Lower Debit Card Fees

North Dakota truck stop argues in federal court for lower debit card fees

BISMARCK — A North Dakota truck stop wants a federal judge to find that the Federal Reserve Board violated the law by neglecting to crack down on mushrooming debit card transaction fees. The fees — which apply every time someone swipes their debit card — are meant to reimburse banks for the cost of processing transactions. But for years, banks increased these fees to an extent that far exceeded those costs. Congress passed a law reining in banks…

Credit card fees at center of legal dispute in Minnesota

Charging a fee, a common practice at restaurants across Minnesota, is now at the center a potential class-action lawsuit involving customers who argues the fees for credit cards are effectively unavoidable.