Dick Durbin: “Big banks have profit margins in this economy of over 30%.”

“And while costs continue to go up and everyday Americans are Struggling big banks are rolling in cash with profit margins around 30%. That's right. Big banks have profit margins in this economy of over 30%. Why are banks making so much money? It's because they profit off of something called a swipe fee and interchange fee.” (06:25–06:31)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.