The average cost to process a debit-card transaction in the USA is 3.9¢, yet banks have been allowed to charge up to 21¢ per transaction (over 5 times their costs). Now the Federal Reserve proposes lowering the cap on charges to 14.4¢ -- still almost 4 times their actual costs. This doesn't make sense.
Banks should be allowed to charge actual costs plus a reasonable profit. 269% is NOT a reasonable profit.