Squeezing the banks’ balloons – Main Line Suburban Life – Main Line Media News


In an attempt to prevent another financial crisis, Congress passed the Dodd-Frank Bill last year. It has a slew of new regulations, many of which the big banks neutered fairly quickly with their lobbyists. What they didn’t see coming was an amendment by Dick Durbin (Dem., Ill.) that caps fees banks can charge retailers for debit- or credit-card transactions.

via Squeezing the banks’ balloons – Main Line Suburban Life – Main Line Media News.

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