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Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.
Peter Welch
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"Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world."
— Peter Welch #politicsgovernment

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Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card…

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Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world. — Peter Welch

About Peter Welch

Peter Welch was a Politician from United States (1947–present).

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Frequently Asked Questions

Who said "Last year, Congress passed a law that directs the Federal Reserve to set limits…"?
This quote is attributed to Peter Welch, a Politician from United States.
When did Peter Welch live?
Peter Welch lived from 1947 – present.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.