Editorial: Retailer fee cut backfires on consumer

iStock Analyst | October 6, 2011

“The new regulations were effective Saturday, and the result is that it takes money away from banks and gives it to retailers. Durbin claimed a cut in these fees would eventually result in lower prices at retail stores.… Instead, many retailers appear to be using the reduced fees to add to their bottom line.”

Leave a Reply

Your email address will not be published.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