Congress is wrong to delay reducing debit card fees – Sacramento Bee


Banks, of course, cannot argue with a straight face that a bill that reduces their allowed transaction profit from 1,100 percent to 300 percent, as Durbin’s legislation does, would send them to the poor house. They’re arguing instead that allowing more competition in the swipe-fee industry somehow would damage smaller banks.

via Congress is wrong to delay reducing debit card fees – Sacramento Living – Sacramento Food and Wine, Home, Health | Sacramento Bee.

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