A stunning development in the Swipe Fee debate

posted by
June 30, 2011
The Nation Blog
by George Zornick  
Posted in Commentary, PND Commentary

"Earlier this month, we reported on the Senate battle over 'swipe fees,' which banks charge merchants for processing credit or debit cards. It appeared the story was over, and an effort by banks to maintain high swipe fees was vanquished — but an 11th hour action by the Federal Reserve yesterday has given Wall Street yet another astonishing victory in Washington." (06/30/11)


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