Changes to Debit- Fee Cap Backed by U.S. House’s Frank

“U.S. Representative Barney Frank, one of the authors of the financial regulatory overhaul, said he is ready to work with the Republican majority to force changes in a Federal Reserve proposal to cap debit-card ‘swipe’ fees. . . . The comments by Frank, a Massachusetts Democrat and former chairman of the House Financial Services Committee, are the strongest indication to date that there may be a bipartisan effort on legislative changes to the section of the Dodd-Frank law that instructs the Fed to set the limits.”