Why Are Retailers still Taking Your Credit and Debit Cards?
The Washington Post's Lydia DePillis has written the worst piece on a credit- or debit-card-related topic published in a major media outlet in the past year....
Tag: interchange fees
Legislating Retailer Utopia: The Interchange Saga Continues
A judge has struck down the cap on interchange fees, telling the Federal Reserve to lower it further. The retailers are rejoicing, but the decision is wrong....
On Paul Krugman Scaring the Hell out of Us, The Economist and Europe’s Card Fees
Cutting interchange rates in Europe is a very bad policy, but making the wrong argument, as The Economist does, just weakens our side's credibility....
Is a No-Benefit Credit Card with an Annual Fee Better than the One You Have Now?
Eurocrats are slashing both debit and credit card interchange fees, which means that Europeans will suffer even more than we did in the wake of the Durbin Amendment....
What the Debit Card Interchange Fee Reform Has Achieved
The Durbin Amendment benefited the largest merchants and smaller banks, but consumers, especially the big-bank customers, will suffer through its consequences....