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Durbin Amendment

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Legislation introduced last week would repeal the Durbin Amendment, a provision of Dodd-Frank that created government-mandated price fixing of interchange rates on payment card transactions. The measure, H.R. 5465, was introduced by Chairman Randy Neugebauer of Lubbock. 

Better Way, Better Day

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In Speaker of the House Paul Ryan’s “Better Way” speech to America last week, he unveiled his comprehensive legislative vision for the next Congress. On the heels of Chairman Jeb Hensarling’s proposal to replace the Dodd-Frank Act, Ryan’s “Better Way” plan includes a number of similar proposals aimed at reducing regulatory burden on the nation’s financial institutions. Among the proposals in Ryan’s plan are:

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