Credit card reform: banks the losers for once. (hip pocket).(recommendations of Reserve Bank of Australia)(Brief Article)

Publication: Choice (Chippendale, Australia)

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COPYRIGHT 2002 Australian Consumers' Association

You're probably aware by now of the Reserve Bank of Australia (RBA) proposal to deprive banks and other credit card providers of a large chunk of the more than $1.2 billion in fees they annually charge shopkeepers for processing credit card payments.

The Consumers' Association is concerned that banks...

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