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Banks Step Up Push to Repeal Durbin Amendment

| American Banker

WASHINGTON — More than 50 state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

The groups argue in a letter in a letter Friday to Neugebauer and other members of the House Financial Services Committee that an amendment added to the Dodd-Frank Act by Sen. Richard Durbin, D-Ill., failed to help consumers and instead benefited only retailers.

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