You can only charge as much as you have on balance to pay. And the question of credit is not as paramount as it is with the credit cards. So I offered with Dodd Frank, the banking reform, an amendment on debit cards, swipe fees, and interchange fees. just to show you what a different time it was in the United States Senate. This was a bill that was being offered by Senator Dodd in the Senate and Republican Senator as well on a bipartisan basis. (02:48–03:04)
CLAIM
Asserts that Durbin offered an amendment on debit card fees in the Dodd-Frank reform.
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