Durbin Seeks to Exempt Benefits Cards in Debit Curbs | BusinessWeek


Durbin’s plan would allow the Federal Reserve to limit debit-card interchange rates set by Visa and MasterCard, the world’s biggest payment networks, which pass that money along to card-issuing banks including JPMorgan Chase & Co. and Citigroup Inc.

READ ARTICLE via Durbin Seeks to Exempt Benefits Cards in Debit Curbs (Update1) – BusinessWeek.

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