CNBC EXCERPTS: SENATOR RICHARD DURBIN ON CNBC’S “SQUAWK BOX” TODAY – CNBC


THERE IS ABSOLUTELY NO CHOICE FOR A MERCHANT ACROSS AMERICA BUT TO ACCEPT VISA AND MASTERCARD IF THEY ARE GOING TO BE IN BUSINESS WHETHER IT IS A CONVENIENCE STORE OR A BIG BOX AND THE FACT IS THIS .44 CENTS WAS IMPOSED BY THE CREDIT CARD COMPANIES THROUGH THE BANKS ON THESE MERCHANTS SO WHEN YOU SAY YOU ARE AGAINST PRICE FIXING HOW DO YOU DEFEND THAT?.”

via CNBC EXCERPTS: SENATOR RICHARD DURBIN ON CNBC’S “SQUAWK BOX” TODAY – CNBC.

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