Interchange Amendment Touches Off a Turf Battle

Adler, Joe
June 2010
American Banker;6/3/2010, Vol. 175 Issue 85, p1
Trade Publication
The article focuses on a provision in the U.S. financial industry regulatory reform bill. Illinois Senator Richard Durbin's interchange amendment specifies that the Federal Reserve Board would regulate limitation of debit fees, but many think that the new consumer protection regulator could end up with authority over these fees. The financial industry is against the amendment especially if it is to be overseen by the new consumer protection regulator.


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