TITLE

Interchange Amendment Touches Off a Turf Battle

AUTHOR(S)
Adler, Joe
PUB. DATE
June 2010
SOURCE
American Banker;6/3/2010, Vol. 175 Issue 85, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
51198679

 

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