

Another Big Bank Bailout?


Another Big Bank Bailout?
The Issue
One of the key progressive victories last year was swipe fee reform, also known as the Durbin amendment. This reform limits the amount the big banks and credit card companies can charge businesses per debit card swipe and ensures that fees are "reasonable and proportional" to costs.
Well, the big banks have joined with Tea Party Republicans to try and gut swipe fee reform. They want to make sure that there is a limitless supply of cash coming from Main Street, and won't stop until they've scared every Member of Congress into voting their way. Delaying and derailing swipe fee reform is bad for consumers and bad for small business, but good for big banks and credit card companies.
We can’t let this happen. This is the first step in unraveling financial reform which holds Wall Street accountable.
Tell your Senators to stand firm on Swipe Fee reform!

The Issue
One of the key progressive victories last year was swipe fee reform, also known as the Durbin amendment. This reform limits the amount the big banks and credit card companies can charge businesses per debit card swipe and ensures that fees are "reasonable and proportional" to costs.
Well, the big banks have joined with Tea Party Republicans to try and gut swipe fee reform. They want to make sure that there is a limitless supply of cash coming from Main Street, and won't stop until they've scared every Member of Congress into voting their way. Delaying and derailing swipe fee reform is bad for consumers and bad for small business, but good for big banks and credit card companies.
We can’t let this happen. This is the first step in unraveling financial reform which holds Wall Street accountable.
Tell your Senators to stand firm on Swipe Fee reform!

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Petition created on March 23, 2011
