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  1. pmbug

    FRB seeks comments on maximum interchange fee that a large debit card issuer can receive for a debit card transaction As I read this, it occurred to me that this interchange fee is an analogue of gas fees in a crypto system. The most well known cryptos (Bitcoin, Ethereum) have crazy high transaction costs, but there are numerous...
  2. pmbug

    US Consumer Debt growing Rising rates are causing increased mortgage debt in spite of declining originations. CC debt growing thanks to double whammy of inflation at the store and rising rates on servicing...
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