“Retailers will likely manage to keep some portion of the fees they used to pay to the banks or third party intermediaries. Consumers, meanwhile, will pay the same retail costs as before plus a fee to their bank — thanks to Washington’s interference.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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General
Again, politicians interfere with commerce; no winners ahead
Laconia Daily Sun
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What Others Are Saying
Passed Hastily, Dodd-Frank Is a Counterproductive Mess
US News & World Report
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Op-Ed
New Bill Aims To Kill Durbin’s Debit Card Fees
Forbes
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General