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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!