131 Lawmakers Call for Elimination of Debit Interchange Reform

Would affect Interchange Fees merchants pay on debit card transactions

* Grave concerns' the measure would harm consumers



 * Banks, credit unions also lobby to defeat the measure

WASHINGTON, June 16 (Reuters) - A bipartisan group of 131 lawmakers from the U.S. House of Representatives on Wednesday called for elimination of a financial reform amendment that seeks to reduce the interchange fees merchants pay on debit card transactions.

We strongly urge members of the conference committee and the leadership of our respective parties to object to the Senate language on interchange fees in the final conference report," said the letter, released by Democratic Representative Debbie Wasserman Schultz of Florida and Republican Kenny Marchant of Texas.  <<Read More>>

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