House Financial Services Committee Hearing on Durbin Amendment

The House Financial Services Committee is holding a hearing tomorrow on the Durbin Amendment price controls on debit card interchange fees.  Here’s the web page.  Only some of the testimony is up there now, but I assume more will be posted as the day goes on.

Meanwhile, the Washington Times had two timely pieces today on the topic: an editorial and a commentary piece.  There is a little bit of confusion and it should be clarified that Durbin’s core price controls apply only to debit cards, but the underlying dynamics are similar between debit and credit cards.