Regulation -

Durbin seeks to adjust small bank interchange exemption

U.S. Sen. Dick Durbin (D-Ill.) wants to guarantee that the debit interchange fee cap is not doing harm to small banks by bolstering the exemption for such institutions. In a little-noticed provision of an appropriations bill, the Federal Trade Commission would disclose whether Visa, MasterCard, and large banks have undermined the small bank exemption, as [...]

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