Durbin Statement on Efforts to Delay Implementation of New Interchange Fee Law


“Every month we delay limiting the amount banks and credit card companies charge merchants means another $1.3 billion bailout for Visa, MasterCard and their big bank allies. The $13 trillion banking industry doesn’t need another handout – especially one paid for by small business and American consumers. I will strongly oppose any attempts to line the pockets of the credit card giants and Wall Street banks by delaying this common sense, pro-consumer legislation. ”

via Durbin Statement on Efforts to Delay Implementation of New Interchange Fee Law.

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