Durbin Amendment fight: Who’s ready, who’s not?

first_imgA fight to repeal the so-called Durbin Amendment could put any effort to overhaul Dodd-Frank at risk, Mallory Duncan, senior vice president and counsel at the National Retail Federation warned Tuesday.“There’s not an appetite to have this fight again,” Duncan said, in an interview.However, credit union officials, who favor repeal, are gearing up for that fight.The Financial CHOICE Act being pushed by House Financial Services Chairman Jeb Hensarling (R-Texas) would repeal the amendment.The Durbin Amendment to Dodd-Frank placed a cap on credit card interchange fees. The common name of the cap comes from its principal sponsor, Sen. Richard Durbin (D-Ill.). continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more