Barney Frank Supports Changes to Debit-Card Swipe Fees

Visa (V) and Mastercard (MA) see quick pop following a Bloomberg news report that says U.S. Representative Barney Frank, one of the authors of the financial regulatory overhaul, said he is ready to work with the Republican majority to force changes in a Federal Reserve proposal to cap debit-card “swipe” fees. Simultaneously, UBS just came [...]