With millions of voters facing foreclosures, bankruptcy, and layoffs, financial issues are in the hot seat this election year. As talk of a recession continues and cries for increased regulation grow louder, all eyes have turned to Barack Obama and John McCain to gauge what might happen should either man become president in 2009.
So far, neither candidate has stated clear opinions on issues facing the electronic payments industry nor voiced his support for or opposition to legislation that faces industry professionals over the next year. Industry experts, however, say that each man’s views on banking in general might speak volumes about how he might feel about the issues facing electronic payments.
And while there shouldn’t be a huge impact on the industry based on this election alone, the person in the Oval Office might set an overall tone in financial services, which can’t be discounted.
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