The Hill News

People often make mistakes when they write too hastily. That’s why computers have delete keys, and email software often provides a "spelling and grammar check" just to make sure there are no surprises hiding among the words. Sometimes, our legislative and regulatory institutions write laws or rules too hastily, and hit the equivalent of the "send" button without sufficient deliberation. When this happens, the result is not just a bit of embarrassment for the author - instead, millions of taxpayers, consumers, and businesses feel the pain. So it is with regulations on debit-card "interchange" fees being rushed to implementation barely six weeks from now.

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