The banking world is understandably upset about this rule, as it will cost them billions in fees. If that’s the case, it’s a good bet they will try to make up the lost income in other areas. Will we see the end of free checking? Could ATM fees possibly go higher? And with retailers paying less in interchange fees, will they pass on the savings to consumers or simply take more profit?
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By David Goodman
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David, a licensed PA & NJ real estate agent, “runs with” Equity Retail Brokers in Plymouth Meeting, PA. He spends most of his time leasing shopping centers for the likes of Kimco Realty, Echo Realty, The Gambone Group, Hilton Realty, Hutensky Capital Partners and others. David also represents select regional and national retail tenants, sells bank-owned properties and blogs about the supermarket industry. Equity Retail Brokers provides comprehensive retail real estate services through the company’s sales, leasing, tenant representation and asset management divisions. David is left-handed and his brother is a Mason.