The new limit on debit card interchange fee is primarily a huge win for merchants. Consumers, on the other hand, will end up being net losers, as card issuers will inevitably begin making up for their interchange-related losses by generating additional revenues by charging higher fees elsewhere. Well, they are already doing it. http://blog.unibulmerchantservices.com/debit-card-fee-limit-lifted-to-24-cents-consumers-will-still-pay-for-it
Gregof CA7:51PM July 15, 2011
Getting Congress involved in private industry normally ends up costing the consumers money, especially when it comes to banking.
It's time to eject obummer and his clan of socialist, and someone please hand Van Jones a tissue.
Reader Comments
Back to blog
Greg of CA 7:51PM July 15, 2011
Larry of CA 3:34PM July 12, 2011