Judge to hear motions in TCF debit fe...

Judge to hear motions in TCF debit fee lawsuit

There are 6 comments on the TwinCities.com story from Apr 4, 2011, titled Judge to hear motions in TCF debit fee lawsuit. In it, TwinCities.com reports that:

A federal judge will hear motions in a bank's lawsuit against the Federal Reserve on the constitutionality of regulations limiting the fees a bank can charge retailers for debit card transactions.

Join the discussion below, or Read more at TwinCities.com.

The real - NICE

Saint Paul, MN

#1 Apr 4, 2011
$3.00 at some ATM's then don't forget the $3.00 the bank charges you to us a foriegn ATM so $6.00 in fees for a $20.00 withdrawl - seems pretty high to me.

United States

#2 Apr 4, 2011
$35.00 overdraft fee EVERYDAY your account deposit is not made to cover debit/check!

On another issue, how about the $2.1 BILLION profit from Minnesota HMO's!

Airline baggage fees!

And they cannot check for CRACKS in fuselage/skin of aging aircraft!

Freedom Lover

Minneapolis, MN

#3 Apr 4, 2011
TCF sed to be one of the better businesses in Minnesota. Then they moved their corporate headquarters so they could charge higher interest. If people are stoopid enough to patronize them after knowing that, who would I be to protest, I'm a Credit Union guy!
The real - NICE

Saint Paul, MN

#4 Apr 4, 2011
I quit them finally...sticking with my Credit union.
Read it agian

Minneapolis, MN

#5 Apr 4, 2011
Its not the fees and such the bank charges you for using ATM's or over drafting... the fee the bank is talking about in this case is the charge the merchant (i.e. the gas station, Grocery store, the movies) any place you swipe your card, they have to pay a "Convenience fee" to Visa or Master card to prosses the transaction. the Merchants are the ones here screaming they are too high. I say you they should just stop taking them all together, and see how fast those fees drop! and it would be better for me I missing having cash in my pocket... My change jar never seems to fill up like it used to before plastic "cash"

Wayzata, MN

#6 Apr 4, 2011
Fed and Treasury are reviewing the bill for the unintended consequences of lowering the fee.

Those affected will increase the costs on other products or make them less available to the poor credits. Effect is that it reduces access to those who can't get it now and does nothing to change the trajectory of prices retailers will charge consumers.

Court reviewing the legal consequence but willing to bet they saw the other agencies that make the rules putting a hold on implementation. Market forces will rule at the end of the day for this bad legislation!!!!

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