Credit Cards have their own interchange fees which are completely separate from Debit Card interchange fees. This fed action and eventually congress's action doesn't affect credit card interchange fees for they are a different subsystem.
Fed Proposes 12-Cent Max Fee On Merchant Debit Fees
- 17/12/2010 06:00:35 PM
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I'm a little iffy on this
- 17/12/2010 09:08:56 PM
530 Views
It may hurt consumers, it will hurt the banks
- 18/12/2010 06:03:40 AM
590 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
244 Views
ok i see now it doesn't apply to credit cards *NM*
- 20/12/2010 04:11:59 PM
256 Views
Credit Cards have their own interchange fees
- 20/12/2010 06:55:33 PM
607 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
699 Views
You do know Barney Frank (Democrat and major liberal and progressive) is against the change 
- 18/12/2010 06:18:37 AM
668 Views
- 18/12/2010 06:18:37 AM
668 Views
I didn't; guess that just means he's wrong. I fail to see how opposing this is progressive at all.
- 18/12/2010 12:49:36 PM
567 Views
It has nothing to do with being progressive, it has everything to do with his banker constituents. *NM*
- 20/12/2010 01:30:04 PM
228 Views
I figured, but, as you say, nothing progressive in that.
- 20/12/2010 02:44:47 PM
540 Views
I am just pointing out that Evil is not unique to a single political party
- 20/12/2010 06:56:29 PM
587 Views
It wouldn't be nearly as effective it it were; it's quite systemic, for a reason.
- 20/12/2010 07:46:29 PM
594 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
595 Views
Curious.
- 20/12/2010 07:02:05 PM
564 Views
True, that does amount to largely the same thing.
- 20/12/2010 07:12:27 PM
690 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
690 Views