SwipeFee

The Federal Reserve on Thursday proposed a new rule that would dramatically cut the swipe fees that banks charge merchants when customers use debit cards. The move, which stems from a provision in the financial overhaul bill in July, could benefit stores. But banks say it could harm consumers.

It's a fee we pay every day, but it's invisible. And if Robert Johnson is correct, it's strangling the economy. For those of you who don't know what an interchange fee, a little introduction is in order. Interchange fee, meet the person reading this, whom you already know, if they have a pulse and...