Mitch Goldstone
Mitch Goldstone
attacking banks card companies credit drastic facts good instead lawyers measures news proves silent speak
It is good news to me and the other plaintiffs that MasterCard is resorting to drastic measures such as attacking our lawyers instead of disputing the facts of the case. The credit card companies and banks have been deafeningly silent about the case, which I think proves that they know the facts speak for themselves.
banks business canada great greedy half less opposed problem raised rates though thriving
We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example: Business is thriving even though the interchange rate is zero.