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July 13, 2011 at 08:00 PM
WASHINGTON BUREAU — The Federal Reserve Board has included a number of insurer-owned banks and thrifts on a list of financial institutions that will be subject to new debit card fee limits.
The institutions include USAA Federal Savings Bank, San Antonio; Prudential Bank and Trust FSB, Hartford; USAA Savings Bank, Las Vegas; State Farm Bank FSB, Bloomington, Ill.; Nationwide Bank; Columbus, Ohio; Allstate Bank, Northbrook, Ill.; Northbrook Bank and Trust, Northbrook; and MetLife Bank, Bridgewater, N.J.
The list of institutions affected by the debit card fees also includes Federal Trust Bank, Sanford, Fla. Hartford Financial Services Group Inc., Hartford, is in the process of selling the Florida thrift.
The Federal Reserve Board has developed new fee, network membership and network routing regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
