I sponsored an amendment in the Senate that would require debit interchange fees to be set at a reasonable level.
Ultimately consumers will benefit tremendously from your leadership.
Well, now wait a minute. Do not get carried away.
I am pleased to convene this hearing before the Senate Appropriations Subcommittee on Financial Services and General Gov...
I welcome my distinguished ranking member, Senator Susan Collins of the great State of Maine.
It seems that there is something missing in the equation when there is no competition.
Chairman Durbin, Ranking Member Collins, and Members of the Subcommittee on Financial Services and General Government, t...
So it appears that some card networks in other countries have been more successful than the United States of America.
But $8 billion worth of buying power in the Federal Government is not enough to entice them to give the taxpayers a simi...
I do not think that MasterCard and Visa and member banks should just give us credit cards or allow us to accept them for...
Our company pays a higher interchange fee rate now than do our big box competitors.
I am proud and appreciative to know that Senator Durbin, representing my state, has taken the lead in exposing the credi...
Well, thanks. We are going to have some questions, but it is going to be a little while.
We need to step back and recognize the reality of the situation: Visa and MasterCard and their big bank allies want cred...
Opening Statement of Senator Richard J. Durbin
If we do not take steps to reasonably regulate this system, a dollar will not be worth a dollar anymore.
The amendment proposed by Senator Durbin addresses certain direct costs for payment card acceptance.
And you are going to provide us with some examples of that, some evidence of that, please?
