Credit Card Industry Continues to Fight Interchange #SwipeFees Reform


With the Federal Reserve Bank scheduled to meet this week to consider new regulations governing how interchange fees for debit transactions are set, 13 US Senators signed a letter urging restraint and for the Fed to take their timeEnacted as part of the Dodd-Frank financial reform law, interchange fees the so-called Durbin amendment will be considered at a December 16 board meeting. It is expected a draft proposal of the new debit fee regulations will be released at that time.

via NACSOnline Credit Card Industry Continues to Fight Interchange Reform.

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