Bankers make progress on stopping Durbin Amendment
Separate bills have been introduced in the House and Senate that would delay implementation of the provision in the Dodd-Frank Act that requires the Federal Reserve to cap the interchange rate on debit card transactions. S. 575 and H.R. 1081 were introduced on March 15 to hold up the Durbin Amendment. The bills call for study of the impact of the caps, which were included into the financial reform law without hearings. The industry trade groups applauded the bills. Frank Keating, president/CEO of the . . .
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