Merchants Doubt Lawmakers Will Derail New Debit-Interchange Rules – US Banker


“It would be extraordinary for Congress to reverse something it passed overwhelmingly not many months ago, which nearly two-thirds of lawmakers voted for,” Mallory Duncan, senior vice president and general counsel for the National Retail Federation, tells PaymentsSource, referring to the so-called Durbin Amendment within the Dodd-Frank Act that Congress passed last year.

via Merchants Doubt Lawmakers Will Derail New Debit-Interchange Rules – US Banker.

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