#SwipeFees Law Signed | CSP Daily News / Magazine | CSP Information Group


WASHINGTON — Retail groups praised Congress for passing and President Barack Obama for signing into law the Wall Street Reform & Consumer Protection Act (H.R. 4173, also known as the Dodd-Frank Wall Street Reform Act of 2010), which includes a provision to reform credit-card and debit-card interchange fees. The bill includes an amendment sponsored by Senate Majority Whip Richard Durbin (D-Ill.) that would require the Federal Reserve to set regulations resulting in “reasonable and proportional” swipe fees for debit cards.

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