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Al Sharpton v. Jake's Deli? The Fight Over Fed's Swipe Fee Cap Heats up

Al Sharpton v. Jake's Deli? The Fight Over Fed's Swipe Fee Cap Heats up

Also, SEC and Fincen propose know-your-customer rule for investment advisers; NCUA's Harper takes leave for back surgery

May 13, 2024
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Al Sharpton v. Jake's Deli? The Fight Over Fed's Swipe Fee Cap Heats up
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Few debates in the world of financial regulation are quite like the conflict between banks and retailers over who should pay the costs associated with using plastic. The fight pits two huge and well-funded industries against one another, with the Federal Reserve (and often lawmakers) caught in the middle – likely to catch flak no matter what. 

The two ad…

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