“What’s still missing from the retailer argument is any clear evidence that cost savings are being passed along to consumers, as merchant lobbyists promised. Maybe that will come later. But in the meantime, Congress and the Fed should steer clear of any more price fixing.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
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Both the Merchants and the Fed Misread Durbin
American Banker
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Retailers have kept $825 million since the Durbin Amendment began
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Stores Cash in on Debit Cards
Wall Street Journal
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