2. Wednesday, July 31, 2013 - 8:54 PM
"Sen. Richard Durbin, D-Ill., the author of the provision of the 2010 law mandating a cap on swipe fees, called Leon's ruling a "victory for consumers and small business around the country (that) will lead to lower interchange rates for billions of debit-card transactions each year.""
On the other hand:
"The Consumer Bankers Association, which represents large U.S. banks and regional banks, said the new ruling "will create even more chaos for consumers and small banks.""
I think that retailers and bankers should come together and determine a win-win compromise that both sides benefit.
Yes, I am day-dreaming:D
1,402 posts since
Jan 16, 2010
Rep Points: 6,071