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
765 Views
I'm a little iffy on this
- 17/12/2010 09:08:56 PM
457 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
216 Views
ok i see now it doesn't apply to credit cards *NM*
- 20/12/2010 04:11:59 PM
229 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
620 Views
You do know Barney Frank (Democrat and major liberal and progressive) is against the change 
- 18/12/2010 06:18:37 AM
593 Views
- 18/12/2010 06:18:37 AM
593 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
491 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
203 Views
I figured, but, as you say, nothing progressive in that.
- 20/12/2010 02:44:47 PM
474 Views
I am just pointing out that Evil is not unique to a single political party
- 20/12/2010 06:56:29 PM
516 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
516 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
616 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