Archive | March 15th, 2011

National bankers group encouraged by bid to quash debit-fee cap

March 15, 2011


By Ted Carter The American Bankers Association says legislation introduced in the Senate Tuesday gives it hope that banks can avoid a pending cut in the fees they receive from merchants on debit card transactions. The so-called Durbin amendment, named after sponsor Sen. Dick Durbin of Illinois, mandates the Federal Reserve’s Board of Governors put […]

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