And as luck would have it, the House of Representatives decided, Barney Frank in particular, that this issue showed enough support in the Senate not to be part of any meaningful negotiations in conference. And the so called Durbin amendment went through. Since then, there have been several efforts on the floor of the Senate over the years to remove the Durbin amendment on debit cards... and they have failed. So we have debit card world, semi regulated or somewhat regulated, not so much on the credit card side. Roger Marshall is a colleague of mine, Republican colleague in the Senate today from Kansas. (04:42–04:56)
CLAIM
Asserts that attempts to remove the Durbin amendment on debit cards have failed.
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