JP Morgan Chase is planning to place a $100 cap on its debit-card purchase, The Wall Street Journal reports. The lender is seeking to put a cap to help face new debit rules, known as the Durbin Amendment rules. The new rules, which are planned to take effect in July, will restrict how much lenders can charge merchants for debit-card transactions. New York-based JP Morgan is also considering other options, including removing debit rewards and adding new fees to checking accounts.
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