Banks Hoping they Paid Politicians Enough to Protect Billions in Excessive Fees

USA consumers pay huge fees on debit cards not found in most other rich countries. Other countries provide debit cards with much cheaper fees than USA banks mandate now given their anti-competitive oligopolistic pricing power. I haven’t seen anyone (that isn’t in the pay of banks) arguing for keeping excessive fees in place. But there [...]

Source: http://investing.curiouscatblog.net/2011/04/11/banks-hoping-they-paid-politicians-enough-to-protect-billions-in-excessive-fees/

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