Camden R. Fine
President and CEOCamden R. Fine is president and CEO of Calvert Advisors LLC. He was previously president and CEO of the Independent Community Bankers of America.
Camden R. Fine is president and CEO of Calvert Advisors LLC. He was previously president and CEO of the Independent Community Bankers of America.
Retailers who claim that restrictions on debit card fees benefit credit unions and community banks miss the point: These price controls are bad for consumers.
Many of the presidential candidates have backed steps to lighten community banks' burden, but we don't need to count on grandiose stump speeches and campaign pledges to make a difference.
Instead of focusing on the effect of swipe fee rules on banks and credit unions, retailers should ask why the Durbin amendment hasnt produced the promised cost savings for their consumers.
If there was any question about the need for Congress to modernize our nations data-security laws, the recent settlement negotiation between Target and MasterCard should put all doubts to rest.
Lyle Beckwith of the National Association of Convenience Stores argues that debit card interchange is unfairly high. But this argument ignores several key points.