Business
How Do Interchange Fees Work, and Who Actually Pays
Your rewards are a share of a fee the shop paid. Debit interchange is capped by regulation, credit is not, and the difference is invisible at the terminal.
Topic
Banking
2 stories
Business
How Does FDIC Insurance Work, and Who Pays for It
The limit everyone quotes has a third clause almost nobody reads, and the fund behind it comes from the banks rather than the federal budget.