The Banking and Strategy Initiative

Chillin' out till it needs to be funded

US regulation: Dodd Frank Act-Dimon gets Durbin gets Dimon

WASHINGTON - JUNE 22:  Commodity Futures Tradi...

Image by Getty Images via @daylife

Sorry Debit Card Fee limits are all set to become law even as CFTC itself argues against taking $6000 trln OTC derivatives to the exchanges

Despite Dimon’s frontal attacks equally crisply rebutted by amendment owner Durbin just minutes ago, The Durbin amendment is set on becoming the law causing heartburn not just to Visa and master Card bu the Citi and J P Morgan franchises that survived on interchange fees (BAC and Wels Fargo have written back billions in fee income earlier charged to unwitting customers

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