Sen. Durbin Defends His Amendment, Fires Back at Small Banks

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	Defending His Amendment, Sen. Durbin Fires Back at Small Banks
	(from Digital Transactions News on 6-15-2010)
	U.S. Sen. Richard Durbin is chastising small banks and credit unions for not liking his debit card interchange regulation proposal, and Visa Inc. claims consumers strongly oppose legislation that would raise their costs or reduce their cards’ utility.  These developments emerged as the House of Representatives and the Senate begin to reconcile their differing versions of the sweeping financial-industry reform bill. The Senate added the so-called Durbin Amendment at the last minute May 13, much to the surprise of the payment card industry.  <<<read more>>>

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