President Trump followed up his populist push, adopting traditionally Democratic economic talking points like capping credit card interest rates, with an endorsement of limiting merchant swipe fees u… [+4924 chars]
Trump Backs Credit Card Swipe Fee Crackdown—Why Rewards Get Cut and Fees Go Up - View from the Wing
Trump has now endorsed the Durbin-Marshall swipe fee bill, pitching it as “competition” and consumer relief. In reality it shifts value from cardholders to retailers—cutting rewards, pushing issuers toward higher fees elsewhere, and shrinking credit availabil…
By:Gary Leff
Source:Viewfromthewing.com
Published:
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