Is Swipe Fee Reform Benefiting the Banking Industry?
August 1st, 2012
American Banker
By David Balto
JULY 31, 2012
This time last year, I wrote an editorial chastising the large banks for using financial reform, particularly the Durbin amendment’s cap on debit card swipe fees, as a scapegoat for increasing fees to consumers. I concluded by hoping “bankers reach a similar enlightened age and stop blaming others for their own business decisions.”