Swipe Fee Limits Won't Help Consumers

Frum's right: interest groups are twisting the debate over card swipe fees. But it's not banks seeking special help, it's the retailers who want favorable price controls. David Frum is wrong about “swipe” or “interchange” fees. Quite simply, the merchants that take payment cards, not the …

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Written by Eli Lehrer on Tuesday April 12, 2011

Big Banks Want a Favor -- At Your Expense

Banks are again asking Congress for another special favor. This time, they want to prevent a limit on the fees you pay every time you swipe a debit or credit card. You might think the big banks would be too embarrassed to ask Congress for more special favors. You think wrong. The big banks …

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Written by David Frum on Monday April 11, 2011