Unpacking the Debit Card Amendment |The Washington Independent

As the conference committee reconciles the House and Senate versions of the financial regulatory reform bills, Sen. Richard Durbin’s (D-Ill.) amendment regulating the type and scope of fees that Visa, Mastercard and other companies can charge businesses for debit card transactions has proven one of the hottest flashpoints. But the amendment is confusing, and the topic wonky. To unpack it, I spoke with Mike Konczal, a fellow at the Roosevelt Institute and financial blogger.

READ ARTICLE via Unpacking the Debit Card Amendment « The Washington Independent.


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