Business News: Retailers to pay lower debit fees - KYTX CBS 19 Tyler Longview News Weather Sports

Business News: Retailers to pay lower debit fees

Posted: Updated:

(CBS) - In Business News, a big victory for retailers.

A federal judge has struck down a Federal Reserve rule that set a 21 cent cap on fees banks can charge merchants for each time a customer uses a debit card.

Retailers filed a lawsuit saying the Fed's cap was too high on swipe fees. The ruling is potentially a big loss for banks who will now have to charge lower fees.



(CBS) - An operator of eight TGI Friday's restaurants in New Jersey has agreed to pay a half a million dollar fine for serving customers cheap alcohol when they paid for top shelf.

The TGI Friday's were part of 29 establishments that the Feds raided as part of that state's operation swill. 

 


 

 
(CBS) - Microsoft is bringing a pared-down version of its office software to Android phones, but it wont work on Android tablets.

Microsoft made the software available Wednesday through Google's online play store.

It require a one hundred dollar a year subscription to office and won't be sold separately.



  • Local NewsMore>>

  • Jacksonville Communications Officer Killed in One Vehicle Crash

    Jacksonville Communications Officer Killed in One Vehicle Crash

    Monday, April 14 2014 11:31 PM EDT2014-04-15 03:31:53 GMT
    SMITH COUNTY (KYTX) -- DPS says a woman is dead after a crash Monday afternoon.  It happened just before 2:00 p.m. at the intersection of Mixon Road and Yarborough Lane in Smith County.  At this pointMore >>
    A Jacksonville Police communications officer has died after a crash Monday afternoon.
    More >>
  • Family remembers Fort Hood shooting victim with Illinois ties

    Family remembers Fort Hood shooting victim with Illinois ties

    Thursday, April 3 2014 10:35 PM EDT2014-04-04 02:35:25 GMT
    EFFINGHAM (WCIA)  -- One of the victims in a deadly shooting in Fort Hood went to school in central Illinois. Family members say 37-year-old Army Sergeant Tim Owens went to Southside Elementary in Effingham.  Owens'More >>
    One of the victims in a deadly shooting in Fort Hood went to school in central Illinois. Family members say 37-year-old Army Sergeant Tim Owens went to Southside Elementary in Effingham.More >>
  • Hallsville Student Finds Used Needle on School's Playground

    Hallsville Student Finds Used Needle on School's Playground

    Saturday, April 19 2014 7:43 PM EDT2014-04-19 23:43:25 GMT
    HALLSVILLE (KYTX) - A situation to make any parent worry. Pamela Kelly says her 4 year old son came home from school recently with a hole in his hand. Tyler Kelly goes to Pre-K here, at the Little Cats Learning Center in Hallsville. Kelly says since coming forward with this news,she has received thanks from other parents."They have been extremely thankful. So they can be more proactivand morere on the look out." - Pamela Kelly, Tyler'Mom Thehe school made this statement to CBS 19 via email. T...More >>
    HALLSVILLE (KYTX) - A situation to make any parent worry. Pamela Kelly says her 4 year old son came home from school recently with a hole in his hand. Tyler Kelly goes to Pre-K here, at the Little Cats Learning Center in Hallsville. Kelly says since coming forward with this news,she has received thanks from other parents."They have been extremely thankful. So they can be more proactivand morere on the look out." - Pamela Kelly, Tyler'Mom Thehe school made this statement to CBS 19 via email. T...More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2014, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.