Ethical controversy, Recent financial reform legislation

Ethical controversy

Assignment Help Operation Management

Reference no: EM13820410

Ethical Controversy

Recent financial reform legislation capped the fees that banks are allowed to charge retailers when customers make purchases with debit cards. Down from an average of 44 cents per transaction, the top "swipe" fee is now 21 cents. Retailers, who either pass the fee on to consumers or absorb it, think the cap is still too high. Banks, claiming the reduction is costing them billions, tried making up the difference with new charges to customers, including Bank of America's ill-fated $5 monthly debit card fee.

Should debit card swipe fees be capped? Discuss 2 pros AND 2 cons.

Does having a debit card increase the likelihood that you will spend more? Why or why not?

Reference no: EM13820410

Questions Cloud

Assume that there is currently no inventory on hand : Assume that Product Z is made of two units of A and four units of B. A is made of three units of C and three of D. D is made of three units of E. Lead times for purchase or fabrication of each unit to final assembly are: Z takes two weeks; A, B, C, a..

Two important concepts in stress management : Two important concepts in stress management; the value of self-awareness and the importance of being responsible for your own life are themes of the poem "Mirrors" on page 163. Discuss why self-awareness and self-responsibility are important skills i..

Explain how executive development or talent development : Explain how executive development or talent development can be used to help an organization achieve its business challenges and strategy.

Sustainable development and the environment : "Sustainable Development and the Environment". Please respond to the following topic:

Ethical controversy : Recent financial reform legislation capped the fees that banks are allowed to charge retailers when customers make purchases with debit cards. Down from an average of 44 cents per transaction, the top "swipe" fee is now 21 cents. Retailers, who eithe..

Substantial infusion of capital : Your new small business has really grown, but now it needs a substantial infusion of capital. A venture capital firm has agreed to invest the money you need. In return, the venture capital firm will own 75 percent of the business, and you will be rep..

Providing a description of the elements of service quality : Providing a description of the elements of service quality. Make sure to define how each element supports customer perceptions and expectations.

Language shapes perception-nonverbal behaviors are symbolic : Our language and many of our nonverbal behaviors are symbolic. Symbols can be arbitrary, ambiguous, or even abstract. Because language and culture reflect each other, we learn a set of values, perspectives, and beliefs when we learn to speak and read..

Popular grocery store brand-measuring design characteristics : How to complete a competitive assessment by selecting three popular grocery store brands and measuring the design characteristics. Write a report to Megan containing your recommendations for the new product development. Explain how you arrived at yo..

User Account

All Pages