Debit Card Interchange

The Federal Reserve today issued the final rules on the Durbin Amendment, and it's an ultimate win for retailers, although I predict some battles to c...

In the battle of the swipe fees, Wal-Mart is on the side of the angels, not because it is altruistic, but because it hopes to increase profits. If we're going to design policy that has a chance, we should get used to seeing some of the bad guys in our camp.

Big banks and credit card companies have made a PR misstep in the fight over debit card charges. They're trying to use the Bush administration's anti-terror team to convince Americans that debit card fees are needed for our nation's security.

Attempting to narrowly cast debit interchange as some type of deserved comeuppance for Wall Street banks misses a much broader and consumer-oriented picture.