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The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...
ParkDetroit, the city’s parking vendor, offers what is known as a “Detroit Discount” for tickets. It began after City Council attempted to reduce fines to prebankruptcy levels of $20.
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
In the first six months the overdue toll fees of unregistered road users accrued to R1 billion, and the Gauteng government acknowledged the dissatisfaction of motorists. Sanral CEO Skhumbuzo Macozoma confirmed in Sep 2020 that Gauteng's e-toll compliance rate before the COVID-19 pandemic was at 20%, collecting only R60-million a month.
It was around 12:30 Monday morning when the thieves broke through the gated parking lot on Abott Street in Detroit. A few minutes later, one of them is in the driver's seat of the van.
After paying the original amount, fees, penalties and warrant costs will be wiped for adjudicated cases. The program runs from June 24 to Aug. 2. Starting Monday, Detroit's 36th District Court ...
The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
When a business charges a fee for a form of payment, whether in person, online or by phone, it’s called a surcharge. Credit card surcharges are applied when you use your credit card to make a ...