States join the fight against proposed limits to credit card fees
The Washington Post
Some believe limiting the swipe fee could force governments to pick up the tab at a time when budgets are already strained.
CFSI Interchange Comment Letter
Center For Financial Services Innovation
The Center for Financial Services Innovation has issued a statement on the specific language in the Financial Regulatory Reform bill that would regulate interchange fees, recommending prepaid cards including government benefits cards, general purpose prepaid cards, payroll cards be exempt from the fee determination set by the Federal Reserve Board under this bill.
Durbin Cedes Ground on Debit-Card `Swipe' Fee Limits After Support Erodes
U.S. Senator Richard Durbin, faced with growing opposition and slipping support for his proposal to cap debit-card swipe fees, said he is working to exempt prepaid cards governments use to distribute benefits.