Episode 342: Credit Card Companies Panicking Over Industry Progress At The State Level

The Working Lunch

The credit card interchange fee issue is raging right now as the news cycle is full of stories about all-time high ATM fees, all-time high debit card fees and accordingly, all-time high bank and credit card industry profits. Yet at the same time, the banks and credit card companies are crying poor mouth and pretending that any restrictions on their business practices will be the end of the republic as we know it. We’ll talk to our industry’s point man on the subject, Brennan Duckett, Director of Technology & Innovation Policy at the National Restaurant Association, to help us sort it all out and tell us what we can expect moving forward. We’ll talk about that, a brief recap of the Democratic National Convention, and wrap it up with the legislative scorecard.