Debit where it's due

30 Jun 2011 By Antony Currie

Doubling the proposed swipefee cap makes it look like it can be cowed by intense bank lobbying. But it’s actually a decent compromise. The problem is the Fed started with such an extreme stance. If it’s not more careful, it may wind up being seen as more lapdog than watchdog.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)