Small Banks and Small Businesses Battle Over Swipe Fees

New York Times | April 4, 2011

“And that’s why I advocate that before we do something that creates another whole set of problems — potentially — we step back and study this. If we put caps on these fees, and these caps prevent credit unions and community banks specifically from being able to offer financial instruments that compete on the landscape, it’s going to put them out of business, and that also has a very negative impact on small business.”Sen. Tester quoted in New York Times “You’re the Boss” blog

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