Small-Business Owners Rally on Capitol Hill to Support Durbin

By  |  March 11, 2011
 | 

The “Reform Swipe Fees Now” group organized a March 10 gathering on Capitol Hill to urge Congress not to alter the Durbin Amendment of the Dodd-Frank financial overhaul bill.
 
“Dozens of small-business owners descended… to urge lawmakers to protect a provision that caps the fees banks can charge retailers for debit card transactions,” reported the Hill.
 
Rep. Peter Welch (D-Vt.) told attendees that Durbin was aimed at giving merchants “a fair shot,” according to the website.
 
Sen. Durbin, who authored the amendment, was apparently unable to make the event due to a scheduling issue. Click here to read more about the Reform Swipe Fees Now rally on Capitol Hill. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Read More

     

    Related Content

     

    Recap: House Hearing Assesses Dodd-Frank’s Impact on Small Businesses, Financial Institutions

    Merchant Payments Coalition Meets with Fed, Praises Durbin Response

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    MasterCard President Tells FOX News Why Consumers Should Care about Durbin Debate

    Survey: Fed Debit Card Rule Will Harm Community Bank Customers

    Advertisement: Scroll to Continue

    Addressing the ‘D’ Word

    Official Comments on Fed’s Debit Plan from Congress, Credit Unions and More

    JPMorgan on Durbin: Customers ‘May Be Pushed Out of the Banking System’

    Debit Card Interchange Fees Plummet Under Fed’s Proposed Rules

    Durbin Down Under


    See More In: