US EditionWARD & GUGEL: Why are North Carolina lawmakers copying Illinois’ worst swipe fee policy?
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WARD & GUGEL: Why are North Carolina lawmakers copying Illinois’ worst swipe fee policy?
Some North Carolina lawmakers are eyeing a shiny new idea — straight from the land of broken budgets and busted promises: Illinois. Yes, Illinois, the state famous for fiscal faceplants and legislative landmines. At issue? A proposal to regulate and cap credit card “swipe fees.” Sounds consumer-friendly, right? Until you dig into what happened in Illinois and how it’s backfiring on the folks lawmakers said they were trying to help. When you cap …
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