Banks Mobilize to Squash Durbin on Swipe Fees
Also, Republicans press DOJ on a Fed digital token; JPMorgan hires Senate Ag staffer
It’s the business-to-business fight that few lawmakers like to be in the middle of – the long running battle between banks and retail companies over credit card swipe fees. Yet it’s back in full force as the congressional year grinds to a finish, and both sides find themselves jockeying over an effort by Senator Richard Durbin to attach his latest bill …
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