New Rockford Transcript - Official Newspaper of Eddy County since 1883

Should Congress expand the Durbin Amendment and cap credit card transaction fees?

 

July 26, 2021

Transcript publisher Amy Wobbema has been following a recent proposal in Congress that would expand the Durbin Amendment, which set a cap on the "swipe fees" retailers pay when a debit card is used in their stores. The Durbin Amendment was a last minute addition to the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in 2010. Now, Senator Dick Durbin and other lawma...



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