(May 6, 2010) The battle over interchange regulation continues to heat up, with the introduction this week of amendments to financial regulatory reform legislation pending in the U.S. Senate that would target the controversial fees charged to merchants.

The three amendments, sponsored by Sen. Dick Durbin, D-Ill., and co-sponsored by Sens. Patrick Leahy, D-Vt., and Mary Landrieu, D-La., differ from earlier interchange-regulation legislation. Instead, they mirror The Electronic Parity Act of 2010, legislation introduced this week in the U.S. House by Rep. Peter Welch, D-Vt.

via News.


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