Tag Archives: dodd frank banking bill

Price Caps On Swipe Fees Making Your Banking More Expensive

Price Caps On Swipe Fees Making Your Banking More Expensive

Three years ago Monday the Senate passed the Durbin Amendment to the Dodd-Frank Banking Bill which sought to make the retail experience for Americans cheaper by capping the fees for debit and credit card swipes. Essentially, the federal government told the banks they were charging too much, and cut the price in half for them

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