How Senator Durbin raised transaction fees

U.S. Senator Jim DeMint | November 1, 2012

Senator Durbin would prefer Parkmobile to blame companies that issue debit cards. But, indeed, it was Dodd-Frank, the so-called Wall Street reform legislation, and Senator Durbin’s amendment to Dodd-Frank, which capped “swipe fees,” that caused debit card transaction fees on lower-priced items to rise.

Leave a Reply

Your email address will not be published. Required fields are marked *