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Penn in the News

A round-up of Penn mentions in local, national, and international media.
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  • Could credit card rewards die—just like debit card rewards did?
    Forbes

    Could credit card rewards die—just like debit card rewards did?

    A Penn Carey Law study found that merchants paid less on debit card transactions and bank revenues decreased by $6.5 billion annually after the Durbin amendment restricted the fees banks could charge on debit card transactions.

    Jul 21, 2023

    A community investment approach to gun violence would save money and lives
    Philadelphia Inquirer

    A community investment approach to gun violence would save money and lives

    In an Op-Ed, four Perelman School of Medicine graduates urge the city of Philadelphia to shift gun violence prevention investments from police and prisons to parks, education, and public health.

    Jul 21, 2023

    Analysis says Biden’s new student debt plan could cost $475 billion
    The New York Times

    Analysis says Biden’s new student debt plan could cost $475 billion

    Kent Smetters of the Wharton School and colleagues estimate that President Biden’s new student debt plan will slash borrowers’ payments and cost more than the recently rejected debt-cancellation plan.

    Jul 19, 2023