JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.
Wells Fargo, you too. Yeah, I understand your stated reasons. I understand they're a fine grade of bullshit.
If a cap like this does make its way into accounts across the board, consumers would be forced to write checks, withdraw cash from ATMs, or put their spending on credit cards.
Oh the horror: being forced to manage a checkbook. To handle actual cash. To - dare I say it - take my business to an organization that actually values me as a customer?
Oh wait: already done that.