Gas prices have climbed to record highs for many reasons, including expensive oil, cheap dollars, and strained refineries. But some have offered an especially novel explanation for consumers’ pain at the pump: credit card interchange fees.
A retailer-backed lobbying organization ran a full-page ad in the Washington Times yesterday in support of a bill being considered in the House of Representative to cap interchange fees. (We’ve discussed the potentially disastrous implications of the legislation in several blog posts and a media statement.)
The ad plots the growth…
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