Woke retailers like Target are lining up in support of what last year I called ‘smash and grab’ legislation worth billions of dollars by mandating changes to how credit cards are processed. Senator Dick Durbin succeeded in getting language put into the 2010 Dodd-Frank bill that imposed massive new regulations on the banking industry which changed the processing of debit card transactions. Guess who got and kept the windfall in lower processing fees? If you answered the big box retailers, you are right.
Read MoreCommentary: Credit Card ‘Processing Fee’ Legislation Only Benefits the Woke Corporations
