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The rules, stemming from the Dodd-Frank financial regulatory law, restrict the fees that banks charge grocery stores and other retailers each time a customer uses a debit card — a major profit center for many banks.
The revenue gains, some say, could be fleeting because banks still face a sluggish economic recovery and a new round of federal regulations that restrict the fees they can charge consumers.
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In return for restricting the fees, Visa received an exemption from European Union rules intended to prevent dominant players like Visa from charging such fees.
The new legislation would add to that drain on revenue by restricting the fees banks can charge for debit card transactions.
Mr. Fine and his constituents are now focusing on a rule that restricts the fees banks charge grocery stores and other retailers each time a customer uses a debit card.
Last week, from the Senate press gallery, I saw Dick Durbin of Illinois standing in the well of the chamber, arms folded, watching with the proprietary anxiety of a college basketball coach while his colleagues voted on his amendment restricting the fees banks can charge store merchants whenever a customer swipes a debit card.
An analysis by the Office of Fair Trading of banks' overdraft fees - the outcome of which is due next month - has led to speculation that they will start charging for current accounts if the regulator restricts the fee that can be levied.
Banks have scaled back debit-card rewards programs in response to the Durbin amendment, part of federal legislation that restricts the "swipe" fees banks can charge merchants for processing purchases made with debit cards.
Throughout Cameron's tenure, May voted against restricting the ridiculous fees charged by letting agents to tenants as well as opposing landlord restrictions.
Efforts to restrict those fees in the United States have largely stalled in court battles.
Other airlines using fees to restrict the use of paper tickets are America West, American and Continental.
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CEO of Professional Science Editing for Scientists @ prosciediting.com