Wells Fargo Halts Enrollment in Debit-Card Reward Programs

Wells Fargo & Co., the bank with the biggest U.S. branch network, will no longer enroll customers in debit-card rewards programs following a proposed cap on interchange fees.

“Due to pending regulatory changes that are expected to result in a significant reduction in fees retailers pay issuers for debit-card transactions, Wells Fargo will no longer be enrolling customers in the debit-card rewards programs,” Lisa Westermann, a spokeswoman at the San Francisco-based bank, said in an e-mail.