From Pine View Farm

The Fee Hand of the Market 0

At Philly dot com, Jeff Gelles cites banks’ complaints that they are wounded, yea! to the quick! by having their swipe fees regulated, then asks:

Or are we seeing something else – such as a banking industry that got used to fat profits from debit fees and hopes to maintain them by any means possible?

Follow the link to read his summary of the history of swipe fees (hint: they increased as the number of competitors providing debit cards decreased) and his answer to his question.

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