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    1. Technology

    Congressmen Seek To Repeal Durbin Amendment

    Oct. 14, 2011
    U.S. Representatives Jason Chaffetz (R-Utah) and Bill Owens (D-N.Y.) are introducing a bill to repeal the Durbin amendment, which places a cap on the amount that banks can charge retailers each time a customer swipes their debit card, hurts customers and banks.

    U.S. Representatives Jason Chaffetz (R-Utah) and Bill Owens (D-N.Y.) are introducing a bill to repeal the Durbin amendment, which places a cap on the amount that banks can charge retailers each time a customer swipes their debit card, hurts customers and banks, according to Forbes. For the full story, click here.