Tester Stands Up for Consumers, Offers Debit Card Compromise

“On the Senate floor, Senator Jon Tester (D-MT) announced that he would amend his Debit Interchange Fee Study Act (S. 575) to shorten the study period of Fed interchange price caps from two years to fifteen months. Tester noted that the move is designed to attract the 60 votes necessary to overcome a filibuster by supporters of the Durbin debit card price fixing amendment.”