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Blame Not Banks — But Big Box and Big Government — For Free Checking’s Demise - Electronic Payments Coalition

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Blame Not Banks — But Big Box and Big Government — For Free Checking’s Demise

September 28, 2011 | Competitive Enterprise Institute

“But in this case, [giant retailers] are not seeking the government to leave them alone, but seeking special favors and corporate welfare. They want the government to line their pockets by putting a regulatory albatross on their financial suppliers and actually bar banks from making a profit on debit cards on the retail side.”