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The Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...
Sen. Dick Durbin (D-Ill.) and Sen. Roger Marshall (R-Kan.) introduced the bill to the Senate, and Peter Welch (D-Vt.) and Lance Gooden (R-Texas) submitted it to the House and are planning on ...
According to Durbin, Senate Bill 1838 the Credit Card Competition Act of 2023, ... U.S. Sen. Dick Durbin speaks during a press conference at Whimsy Tea Company in Springfield Monday, January 29 ...
Visa, Mastercard and the advocacy group Electronic Payments Coalition (EPC) are waging an all-out war with retailers and Senate Judiciary Committee Chair Dick Durbin (D-Ill.) over the senator’s ...
The "Durbin amendment" is a provision in the final bill aimed at reducing debit card interchange fees for merchants and increasing competition in payment processing. The provision was not in the House bill; [23] it began as an amendment to the Senate bill from Dick Durbin [34] and led to lobbying against it.
Dick Durbin speaks in support of the DREAM Act. Recorded December 18, 2010. Richard Joseph Durbin (born November 21, 1944) is an American lawyer and politician serving as the senior United States senator from Illinois, a seat he has held since 1997. A member of the Democratic Party, Durbin is in his fifth Senate term and has served as the ...
Averaging around 2.2% of a total transaction, swipe fees are charged to merchants every time someone pays with a credit card. For Missouri businesses, that equates to more than $1.4 billion a year ...
On August 1, 2001, a mirror bill to the "Student Adjustment Act of 2001" was introduced in the Senate by Senator Orrin Hatch, also a Republican from Utah. This legislation, S. 1291, was the first bill given the short title of "Development, Relief, and Education for Alien Minors Act" or "DREAM Act." Since that time the DREAM Act has been ...