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The truth about credit card swipe fees

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Published May 14, 2016 4:02am ET
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The truth about credit card swipe fees
Swipe fees have swollen to many merchants' second-largest operating cost, more than rent or utilities. (AP Photo/Elaine Thompson, file) | Elaine Thompson

Most consumers don’t even know they’re being nicked every time they swipe a debit or credit card thanks to the big banks’ quiet subversion of the free market.

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Commentary Credit Cards Federal Reserve Finance Minusextra