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Sen. Dick Durbin, D-Ill., who led the fight to regulate debit-card “swipe” fees, said he will seek similar rules to restrict what he called “abusive fees” associated with prepaid cards.
In a letter to Elizabeth Warren, the Obama administration adviser setting up the Consumer Financial Protection Bureau, Durbin promised “further legislative steps” to cut fees tied to prepaid debit cards, according to a copy of the letter released this week.
