Banking Industry Unites on ‘Swipe’ Fees, Presses Fed for Changes

Bloomberg | February 22, 2011

“‘With virtually unprecedented unanimity, every major bank and credit union trade association is writing to express opposition to the rule proposed by the Board of Governors of the Federal Reserve system,’ the groups said in the letter, which termed the Fed proposal ‘legally defective.'”

Leave a Reply

Your email address will not be published. Required fields are marked *