Posted by & filed under Economic Analysis, Financial Planning, Governments & Regulators.

Description: Both merchants and banks balk at a Federal Reserve compromise on fees that businesses pay financial institutions

Source: Businessweek.com
 
Date: 07/07/2011

Link:  http://www.businessweek.com/magazine/sniping-at-charges-for-swiping-debt-cards-07072011.html

Questions for discussion: 

  • Summarize the key points made in the report.
  • Do you agree or disagree with the decision?
  • Who should set price for these services?
  • What are the consequences for the economy, small businesses and consumers?

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