How Consumers Could Benefit from Debit Fee Limits – NYTimes.com


For one thing, consumers already pay the costs of using debit cards, which like all other expenses are embedded in prices, said Brian Dodge, a spokesman for the Retail Industry Leaders Association. “As swipe costs have gone up, prices have risen. When swipe costs come down, prices will follow,” he said, by e-mail. “If the MasterCard claims were true, when swipe fees tripled over the past decade, bank fees would have fallen. Instead they exploded, too.”

via How Consumers Could Benefit from Debit Fee Limits – NYTimes.com.

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