Durbin Discusses Interchange Fees With Federal Reserve Chairman Jerome Powell
July 09, 2024
July 09, 2024
WASHINGTON, July 9 -- Sen. Richard J. Durbin, D-Illinois, issued the following news release:
Senate Majority Whip Dick Durbin (D-IL) today spoke with the Chairman of the Federal Reserve, Jerome Powell, to receive an update on the status of economic and monetary policy in the U.S. During the meeting, Durbin stressed the importance of ensuring that the biggest banks and card networks fulfill their obligations to charge reasonable and proportional interchange fees for debit card transa . . .
Senate Majority Whip Dick Durbin (D-IL) today spoke with the Chairman of the Federal Reserve, Jerome Powell, to receive an update on the status of economic and monetary policy in the U.S. During the meeting, Durbin stressed the importance of ensuring that the biggest banks and card networks fulfill their obligations to charge reasonable and proportional interchange fees for debit card transa . . .