“[Federal Reserve Gov. Sarah Bloom] Raskin seemed open-minded about the impact of the rules. “Card issuers may choose to make up their lost interchange-fee revenue by imposing higher fees, or reducing rewards programs, for debit-card use or for deposit accounts in general. On the other hand, consumers will benefit to the extent merchants pass on their interchange-fee savings in the form of lower prices,” she said.
Brawl over debit fees continues at hearing
Wall Street Journal | February 17, 2011