A Dodd-Frank Fight With Billions at Stake Spurs GOP Friction
- Republicans at odds over repealing fee cap hated by banks
- Some lawmakers are hesitant to take a stand against retailers
Rep. Hensarling Says Dodd-Frank Made Banks Even Bigger
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Republicans’ latest effort to kill a Dodd-Frank provision that has cost banks billions of dollars is running into trouble.
At issue is part of the 2010 law that limits how much money banks can collect from retailers when consumers use their debit cards. House Financial Services Committee Chairman Jeb Hensarling wants to get rid of the fee cap now that Republicans control Congress and the White House.