All consumers pay more at the store and more at the pump because of unfair, nonnegotiable, nontransparent merchant interchange fees imposed by the card networks.
I think your amendment is a very thoughtfully crafted amendment and will do a great deal to move this process forward.
I thank you for and wholly support the amendment that you made to the financial reform bill that was passed by the Senate last month.
The Durbin Amendment means that the credit card companies will be subject to a little of the same competition that we are subject to.
There is no question that this alone will help retailers in the convenience store industry to survive because it will lower the cost for whi...
We were talking about those who use credit cards to pay Government expenses as opposed to those cards issued by Government agencies.
Now they are moving cash to debit, and it is clearly a substitute for checks.
So it appears that some card networks in other countries have been more successful than the United States of America.
I think that all of us will benefit with lower prices and more choices.
the impact on Federal entities of a two tiered system of interchange rates like the one included in Senator Durbin's interchange amendment
As the Durbin amendment recognizes, Visa and MasterCard rules prevent merchants from disclosing fees to their customers.