Molly Wilkinson - Washington Examiner

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In September, the House Financial Services Committee (HFSC) approved legislation that would repeal a Dodd-Frank provision called the Durbin Amendment that set limits on the fees some banks charge retailers to swipe debit cards. (AP Photo/File)

Economy

Sorry, merchants, price controls aren’t free market

Molly Wilkinson -

November 21, 2016 5:01 am

An amendment authored by Senator Durbin was attached to Dodd-Frank and passed in the dead of night with little scrutiny or debate. The provision, which dictates price controls on debit card transactions, was hailed as a consumer benefit because advocates said that the money it generated would go directly back into the pockets of hardworking Americans. (Andrew Harrer/Bloomberg)

Op-Eds

Durbin Amendment offers no fairy tale ending for consumers

Molly Wilkinson -

April 18, 2016 4:01 am