Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /nas/content/live/epc1/wp-includes/functions.php on line 6121
'Reverse Robin Hood' is a myth and capping interchange fees would hurt the poor - Electronic Payments Coalition
Skip to content
Back

‘Reverse Robin Hood’ is a myth and capping interchange fees would hurt the poor

| The Hill

The claim that rewards credit cards benefit the rich at the expense of the poor has been trotted out many times by those who want to cap the fees charged to merchants by card issuers. Though the myth of this so-called “reverse Robin Hood” effect has been debunked repeatedly, it continues to resurface from the grave. This is troubling for various reasons—not least because capping interchange fees would actually harm the poor the most.

Continue Reading >>>

Get the Latest Updates Delivered to Your Inbox

By submitting you agree to our Terms & Conditions