David Evans, Robert Litan, Richard Schmalensee, Mar 30, 2011
The Board of Governors of the Federal Reserve System (“Board”) is the latest of a series of central banks and antitrust authorities to tackle the thorny issues of interchange fees. It did not ask for the job. During the process of drafting financial reform legislation the U.S. Senate passed the “Durbin Amendment,” which required the Board to regulate the amount of interchange fees that banks that issue debit ca
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 3.17.110.119
Please verify email or join us to access premium content!