“The big banks and credit card companies have been saved from their own internal failures and shortcomings time and time again by this government,” he said. “Now, here they go again looking for a break on interchange fees worth $1.3 billion a month to them.”
Durbin, the Senate’s No. 2 Democrat, exempted smaller banks and credit unions — institutions with less than $10 billion in assets. Nonetheless, community banks are working against the fee change.
Banks, business locked in combat over interchange #swipefees – The Joplin Globe, Joplin, MO