“…Federal Deposit Insurance Corporation Chairwoman Sheila Bair took a more critical view of the proposed rule. Bair warned that the proposed fee cap could cause small banks to raise fees elsewhere or get out of the debit card business altogether.”
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
New Pushback on Durbin
What Others Are Saying
‘Swipe’ Fee Cap May Force Fees, Job Cuts, Bankers Say