On the recordJune 15, 2010
The Durbin Amendment will give the Federal Reserve the power to write rules ensuring that swipe fees on debit cards are 'reasonable and proportional' to the cost of processing.
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congress.govDick Durbin: “The Durbin Amendment will give the Federal Reserve the power to write rules ensuring that swipe fees on debit cards are…”
Editor's note · Context
Durbin explains the benefits of the Durbin Amendment for consumers regarding debit card fees.
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