Visa and MasterCard's Loss Won't Be Your Gain
Dan Caplinger of Motley Fool writes that consumers aren't very likely to benefit at all if interchange fees are regulated/reduced. The money will simply go from profit in the pockets of the banks to savings for the pockets of the retailers.
"When new laws decrease fees, you'd think most people would end up better off. Yet the much-ballyhooed new regulation on credit card interchange fees may end up doing ordinary consumers more harm than good."
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Dan Caplinger of Motley Fool writes that consumers aren't very likely to benefit at all if interchange fees are regulated/reduced. The money will simply go from profit in the pockets of the banks to savings for the pockets of the retailers. ![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tdaD6sZpBbojt5d6pJIuGNcWP1k0PRc2J-7fmNNsQ28halW4wS_Yh9mnjy6WLaZAhEakMgHAA4bq00XYyd_prkH_NkNeNn5ou_HYmEoZX8u9wIaBHRLyYD5y-8mMneRsqa8wax0qFTiUxJW_n2IVDd=s0-d)
