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I'm so glad Visa and Mastercard are so worried about consumers, especially given THEIR tight budgets Joel Send a noteboard - 17/12/2010 09:14:53 PM
NOT! :rolleyes:

Needed to be done; figures that the small businesses the GOP always says they love and work so hard for, since they are the backbone of the economy (that last part is actually true), get much needed help via an legal clause added by Dick Durbin (D-IL) and proposed by the Fed when DEMOCRATS hold the White House. I love how the credit card lobby tries to somehow hide behind small businesses in attacking this because they don't have Visa or Mastercards audacity in crying about how hard their lot is when their profiteering has helped bankrupt the country. The proof is in the pudding though; let's see if the GOP puts the peoples money where their mouths are or caves to the banking and other corporate lobbies that own them so the thing dies in committee. And if an outraged public is then convinced it failed because of the evil Democrats (if the public even hears about it at all).

I'm not a cynic, just a realist; this is something that's long been needed and I hope it goes through, but I'll believe it when I see it.
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Fed Proposes 12-Cent Max Fee On Merchant Debit Fees - 17/12/2010 06:00:35 PM 765 Views
I'm a little iffy on this - 17/12/2010 09:08:56 PM 458 Views
Whether due to perception or reality, merchants need this. - 17/12/2010 09:22:09 PM 665 Views
It may hurt consumers, it will hurt the banks - 18/12/2010 06:03:40 AM 515 Views
I'd like to use credit cards more without feeling guilty that it's costing the business money. *NM* - 20/12/2010 03:26:04 PM 217 Views
ok i see now it doesn't apply to credit cards *NM* - 20/12/2010 04:11:59 PM 230 Views
Credit Cards have their own interchange fees - 20/12/2010 06:55:33 PM 533 Views
I'm so glad Visa and Mastercard are so worried about consumers, especially given THEIR tight budgets - 17/12/2010 09:14:53 PM 621 Views
Sounds good to me, but it does seem like a natural monopoly, so that competition idea... eh. - 17/12/2010 09:37:20 PM 519 Views
Curious. - 20/12/2010 07:02:05 PM 491 Views
True, that does amount to largely the same thing. - 20/12/2010 07:12:27 PM 617 Views
I don't think so? - 20/12/2010 07:21:32 PM 533 Views
Re: I don't think so? - 20/12/2010 08:00:35 PM 522 Views
Well - 20/12/2010 08:06:49 PM 551 Views
Re: Fed Proposes 12-Cent Max Fee On Merchant Debit Fees - 18/12/2010 07:36:41 AM 684 Views
I am not sure what the proper amount should be but there does need to be limits - 20/12/2010 11:10:18 PM 624 Views

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