COLUMN: Durbin’s law puts cash cards in peril

Waterloo Cedar Falls Courier | October 9, 2011

“Retailers will argue that they’ll pass the savings on lower fees along to shoppers, but there’s no guarantee that they will. In fact, a study by the U.S. Congress’s Government Accountability Office found that after Australia enacted interchange price controls there was ‘no conclusive evidence’ that any retailers passed along any of their $1.1 billion in savings.”

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