Wednesday: Senate preps for debit card fee vote – The Hill’s Floor Action


Sen. Dick Durbin (D-Ill.) has urged his colleagues this week to reject the Tester amendment and allow the rule to come into effect in July. During floor debate, he argued that banks collect $1.3 billion each month in debit card fees, which are so high now that merchants often lose money when customers make small purchases using their debit card.

via Wednesday: Senate preps for debit card fee vote – The Hill’s Floor Action.

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