I'm so glad you're with us here on the Clark Howard Show where it's all about you and

that quality or what you'd learn ideas to me so you can keep more of what you make.

Coming up in just a few minutes in today's Clark Rage's moment, Wells Fargo is in the news

again and is not good.

You know that shame on you, shame on me, Rool?

You're still doing business with Wells Fargo?

Wow, what do you think?

Coming up you out later, speaking of banks, I want to tell you some garbage that banks

pedal to you that can rip you off and rip off your loved ones if you unexpectedly pass away.

I'm going to talk now about some stuff that's going on where you and I are kind of pawns

in a big game.

There's a massive fight going on about how the Visa Mastercard cartel rip off restaurants

and retailers, charging massive fees to process credit cards through their systems.

It costs the last estimate I saw was just pennies to process a credit card transaction,

but for retailers and restaurants, they're being built roughly $2.5 of every hundred that

people charge.

So one of the biggest expenses that businesses face and it is absolutely an outrage because

elsewhere in the world, credit card processing fees are relatively small.

We are the only country that has allowed cartel pricing for credit card processing.

That's how those of us like me that game the system and get all these rewards from credit

card companies and we're making out like bandits.

Actually it's the cartel that's the bandits.

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