The Impact of the Federal Reserve on Fintech Stocks

The federal reserve is coming and saying I'm going to build the rails that are going to offer this for free. That's the disruption to debit one question on that most of us experience debit as cheaper than credit because usually they'll say you want to run a credit card it's three percent of debit card there's no fee. Why is debit itself still more expensive than what's coming? Because up until now like there has been a the Durban regulation in 2012 basically reduced to Durban the debit fees for large banks with you know ten billion dollars of AOM or more but they kept a loophole that allows smaller bank smaller banks to actually charge like one fifty two percent for debit.