NEA, NAACP Swallow Bankers? Line on Swipe Fees

The amendment to the Dodd-Frank legislation reducing the cost of interchange fees for debit and credit cards passed with a supermajority in the Senate. It went through the normal process and it won. Now the banks, in a slightly stronger position than during the Dodd-Frank debate, are trying to get the changes delayed, and effectively killed. They're using a silly argument that this will result in higher costs for consumers. They have the ability to control those costs.

Source: http://feedproxy.google.com/~r/firedoglake/fdl/~3/W1Xm_cEBEpk/

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