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Sens. Roger Marshall, R-Kan. and Dick Durbin D-Ill, have introduced Senate Bill 4674, legislation expanding government routing mandates to the credit card market.
What I do know is that the Marshall-Durbin bill has been endorsed by the International Brotherhood of Teamsters and the Service Employees International Union, and opposed by the credit card companies.
Credit card companies primarily make their money off of interest and fees. In 2022, Americans paid more than $130 billion in interest and fees to credit card companies, according to the Consumer ...
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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 ...
Capital One Financial Corporation is an American bank holding company founded on July 21, 1994 and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in Tysons, Virginia with operations primarily in the United States. [ 2] It is the 12th largest bank in the United States by total assets as of December 31 ...
Previous owners. Telecom USA. Tagline. "Save a Buck or Two" (1990s) 1-800-COLLECT (1-800-265-5328) is a 1-800 number, owned and operated by WiMacTel, which provides fixed rate collect calling in the United States. The service was launched by MCI in 1993.
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