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Dick Durbin: “Swipe fees are virtually unregulated.”

Featuring: Dick Durbin, Democratic | U.S. Senate Illinois

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Sen. Durbin on Trump Admin's Mental Health Grant Cuts & Credit Card Competition Act

Published | Video Starts at 09:00

Laura has a coffee and tea business, as you might guess, in Elmhurst, Illinois. Why are banks making so much money? The Swipe fees are virtually unregulated. We'd like to change that. When combined with another source of information from Cesar, Illinois, which is in downstate southern Illinois. Greg Kelly writes me. (09:00–09:03)

CLAIM

Asserts that swipe fees lack significant regulation.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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