Scott Talbott Tells Marketplace That The Fed Needs To Reconsider It’s Debit Card Fee Propoosal

Financial Services Roundtable Senior Vice President of Government Affairs Scott Talbott last Thursday on the National Public Radio program Marketplace about the need for the Federal Reserve to reconsider its debit card interchange fee proposal because of the strong likelihood that it will force banks to increase fees on consumers.

It’s a short interview that tells you everything you need to know about why the Fed needs to listen to what many are saying. ¬†For example, Consumer Bankers Association President Richard Hunt said last week when the proposal was announced that the plan would cause “an increase in the cost of financial services for American consumers and the elimination of benefits and efficiencies valued by many debit card users.”

Here’s the full interview with Scott on Marketplace.

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