Unbundling "doesn't make a lot of sense, " says Mallory Duncan, general counsel for National Retail Federation, an industry trade group.

WSJ: Banks Look to Replace Lost Debit-Card Fees

And yet remember it was Mallory Duncan of the National Retail Federation who was claiming that our worries about identity theft were overblown.

NPR: Identification Theft: The Growing Scam Industry

"All retailers pay too much, but small retailers pay much too much, " says Mallory Duncan, senior vice president and general counsel for the National Retail Federation in Washington, D.

WSJ: Bank Fees Squeeze Retailers