Restaurant and retail groups expressed support for a Senate amendment to financial service reform legislation that would limit the fees financial companies can charge on debit transactions. The amendment, which was introduced by Sen. Richard Durbin, D-Ill., would authorize the Federal Reserve to determine "reasonable and proportional" interchange or "swipe" fees on debit cards imposed on restaurants and other businesses. The amendment, which was approved by a vote of 64 ...
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Contact: Desiree Torres Desiree.Torres@penton.com