Ms. Brisebois, when we embarked on this study, the thing that first occurred to me was that I was thinking at the time of credit cards, credit card fees, and loyalty programs. I was thinking about all the new cards that were costing more and more to retailers and the impact of that. It struck me that as long as there was a level playing field, the way they cap those fees to retailers, I can't see one bank complaining about another having an advantage as long as they face the same rules. As to the fees that may apply and the concern for small business, what role should government play?
On November 16th, 2011. See this statement in context.