https://redstate.com/erick/2011/03/14/durbin-and-federal-reserve-plot-to-fix-prices-and-harm-consumers/feed/Conservative News & Politicsen-usFri, 12 Jun 2026 10:23:35 -0400<![CDATA[Senator Dick Durbin’s (D-IL) amendment to the Financial Overhaul Bill is set to go into effect in April that will allow Obama and the Federal Reserve to set the prices of debit card interchange fees.That may sound like a boring topic, but consider this: because of Dick Durbin&#8217;s amendment, banks are about to restrict the number of and amount of daily debit card purchases you can make. That&#8217;s right. JP Morgan is considering capping your debit card purchases at $50.00 to $100.00 per purchase.]]>Mon, 14 Mar 2011 08:00:00 -0400<![CDATA[Erick Erickson]]>https://redstate.com/erick/2011/03/14/durbin-and-federal-reserve-plot-to-fix-prices-and-harm-consumers-n38265