“Expect heavy return fire from Durbin amendment supporters today on an issue that has generated the most heat in the Dodd-Frank implementation period, which is not terribly surprising given the tens of billions in fees at stake and the fact that the issue got wedged into the financial reform debate at the 11th hour.”
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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Debit-card destruction
Washington Times
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What Others Are Saying
‘Swipe’ Fee Cap May Force Fees, Job Cuts, Bankers Say
Bloomberg
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U.S. Banks Say Fed Should Scrap Proposed Debit Caps
Bloomberg
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General