Detailed text transcripts for TV channel - CNN - 20110316:11:23:00
Contact act protecting consumers on that end of the transaction, they're looking to protect vendors and retailers by capping fees at 12 cents. the average right now is about 44 cents. so last week in response, jpmorgan chase said that they may cap debit transactions to a maximum of $100 or even $50 no matter if you press credit or debit. and they're already testing monthly fees of $3 to $15 on checking and debit accounts. today chase has decided to test higher atm fees of $4 and $5. listen up if you're in illinois and texas and you're a non-customer and you go to the atm and it's going to cost...
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